Daiwa Securities Group Inc. Sells 3,722 Shares of Kite Realty Group Trust (NYSE:KRG)

Daiwa Securities Group Inc. lowered its stake in Kite Realty Group Trust (NYSE:KRG) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 66,363 shares of the real estate investment trust’s stock after selling 3,722 shares during the period. Daiwa Securities Group Inc.’s holdings in Kite Realty Group Trust were worth $1,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Kite Realty Group Trust by 41.7% during the fourth quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 742 shares in the last quarter. VitalStone Financial LLC bought a new position in shares of Kite Realty Group Trust during the third quarter valued at approximately $161,000. Column Capital Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 8,241.0% during the third quarter. Column Capital Advisors LLC now owns 8,341 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 8,241 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Kite Realty Group Trust during the third quarter valued at approximately $212,000. Finally, Custom Index Systems LLC bought a new position in shares of Kite Realty Group Trust during the fourth quarter valued at approximately $244,000. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Price Performance

KRG opened at $21.69 on Wednesday. The stock has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $21.39. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 98.60, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29. Kite Realty Group Trust has a 12-month low of $19.16 and a 12-month high of $24.26.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were issued a $0.25 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 454.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KRG shares. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.50.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.