Aew Capital Management L P Sells 638,728 Shares of Kite Realty Group Trust $KRG

Aew Capital Management L P cut its holdings in Kite Realty Group Trust (NYSE:KRG) by 61.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 407,520 shares of the real estate investment trust’s stock after selling 638,728 shares during the quarter. Kite Realty Group Trust accounts for approximately 0.5% of Aew Capital Management L P’s investment portfolio, making the stock its 24th largest position. Aew Capital Management L P owned 0.19% of Kite Realty Group Trust worth $9,088,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KRG. Harbor Capital Advisors Inc. lifted its position in Kite Realty Group Trust by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 462 shares during the last quarter. NewEdge Wealth LLC raised its position in shares of Kite Realty Group Trust by 2.7% during the 3rd quarter. NewEdge Wealth LLC now owns 18,058 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 467 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Kite Realty Group Trust by 21.4% in the 3rd quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 544 shares during the last quarter. Smallwood Wealth Investment Management LLC lifted its holdings in shares of Kite Realty Group Trust by 57.9% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 641 shares during the last quarter. Finally, CWM LLC grew its position in Kite Realty Group Trust by 17.9% in the third quarter. CWM LLC now owns 4,254 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 647 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Performance

Shares of NYSE:KRG opened at $26.02 on Wednesday. The firm’s 50 day simple moving average is $24.11 and its 200-day simple moving average is $23.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $26.30. The firm has a market cap of $5.38 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 6.59 and a beta of 0.91.

Kite Realty Group Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio is presently 84.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KRG shares. Jefferies Financial Group restated a “hold” rating and set a $24.00 price objective (up from $23.00) on shares of Kite Realty Group Trust in a research report on Monday, December 15th. UBS Group reissued a “neutral” rating and set a $25.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a research report on Thursday, January 8th. Robert W. Baird increased their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Finally, Raymond James Financial cut shares of Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.