Kite Realty Group Trust (NYSE:KRG) Shares Sold by Cwm LLC

Cwm LLC trimmed its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 40.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,803 shares of the real estate investment trust’s stock after selling 1,922 shares during the quarter. Cwm LLC’s holdings in Kite Realty Group Trust were worth $64,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KRG. Vanguard Group Inc. raised its stake in shares of Kite Realty Group Trust by 0.9% during the third quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust’s stock valued at $693,401,000 after purchasing an additional 278,421 shares during the period. Deutsche Bank AG raised its stake in shares of Kite Realty Group Trust by 7.2% during the third quarter. Deutsche Bank AG now owns 7,545,779 shares of the real estate investment trust’s stock valued at $161,631,000 after purchasing an additional 508,102 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kite Realty Group Trust by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,253,294 shares of the real estate investment trust’s stock valued at $69,686,000 after purchasing an additional 63,388 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Kite Realty Group Trust by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 2,094,540 shares of the real estate investment trust’s stock valued at $44,865,000 after purchasing an additional 24,599 shares during the period. Finally, Strs Ohio raised its stake in shares of Kite Realty Group Trust by 156.6% during the fourth quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust’s stock valued at $42,731,000 after purchasing an additional 1,140,700 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Down 1.6 %

Shares of NYSE:KRG opened at $21.23 on Thursday. The company has a current ratio of 2.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $21.04 and a 200 day simple moving average of $21.44. The firm has a market cap of $4.66 billion, a PE ratio of 81.64, a price-to-earnings-growth ratio of 3.03 and a beta of 1.28. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.71%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 384.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, April 18th. StockNews.com upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.00.

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.