Kite Realty Group Trust $KRG Shares Sold by Algert Global LLC

Algert Global LLC cut its position in Kite Realty Group Trust (NYSE:KRG) by 46.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 339,641 shares of the real estate investment trust’s stock after selling 299,904 shares during the period. Algert Global LLC owned approximately 0.16% of Kite Realty Group Trust worth $7,574,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KRG. Creative Planning lifted its holdings in shares of Kite Realty Group Trust by 20.0% during the third quarter. Creative Planning now owns 30,692 shares of the real estate investment trust’s stock worth $684,000 after purchasing an additional 5,118 shares during the period. Lazard Asset Management LLC boosted its position in Kite Realty Group Trust by 5.6% in the third quarter. Lazard Asset Management LLC now owns 52,210 shares of the real estate investment trust’s stock valued at $1,164,000 after buying an additional 2,762 shares during the last quarter. SummitTX Capital L.P. increased its holdings in Kite Realty Group Trust by 19.0% in the 3rd quarter. SummitTX Capital L.P. now owns 463,566 shares of the real estate investment trust’s stock worth $10,338,000 after buying an additional 73,966 shares during the period. Amundi increased its holdings in Kite Realty Group Trust by 2.4% in the 3rd quarter. Amundi now owns 111,733 shares of the real estate investment trust’s stock worth $2,491,000 after buying an additional 2,622 shares during the period. Finally, Freestone Grove Partners LP raised its position in Kite Realty Group Trust by 4,702.9% during the 3rd quarter. Freestone Grove Partners LP now owns 953,901 shares of the real estate investment trust’s stock worth $21,272,000 after buying an additional 934,040 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

KRG opened at $25.55 on Tuesday. The firm has a fifty day moving average price of $24.65 and a 200 day moving average price of $23.39. Kite Realty Group Trust has a 1 year low of $18.51 and a 1 year high of $26.38. The stock has a market cap of $5.28 billion, a P/E ratio of 18.51, a P/E/G ratio of 4.56 and a beta of 0.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74.

Kite Realty Group Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

KRG has been the topic of several recent research reports. Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Wall Street Zen raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Jefferies Financial Group restated a “hold” rating and set a $24.00 target price (up from $23.00) on shares of Kite Realty Group Trust in a research report on Monday, December 15th. Robert W. Baird increased their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Finally, UBS Group reiterated a “neutral” rating and set a $25.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Kite Realty Group Trust presently 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 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.