Kite Realty Group Trust (NYSE:KRG) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its holdings in Kite Realty Group Trust (NYSE:KRG) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,941 shares of the real estate investment trust’s stock after selling 2,161 shares during the period. Natixis Advisors L.P.’s holdings in Kite Realty Group Trust were worth $798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in shares of Kite Realty Group Trust by 280.5% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,327 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Kite Realty Group Trust by 41.7% in the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock valued at $54,000 after purchasing 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 worth about $161,000. Column Capital Advisors LLC lifted its position 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 worth $179,000 after purchasing an additional 8,241 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new position in Kite Realty Group Trust in the fourth quarter worth about $244,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KRG has been the topic of several research reports. Jefferies Financial Group upgraded 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 raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kite Realty Group Trust has an average rating of “Hold” and an average target price of $26.00.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG opened at $21.24 on Friday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average price is $21.01 and its two-hundred day moving average price is $21.47. Kite Realty Group Trust has a 52-week low of $19.16 and a 52-week high of $24.26. The stock has a market capitalization of $4.66 billion, a P/E ratio of 81.70, a P/E/G ratio of 2.96 and a beta of 1.28.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, July 5th. Kite Realty Group Trust’s payout ratio is 384.63%.

About Kite Realty Group Trust

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.