LDR Capital Management LLC Sells 13,924 Shares of Kite Realty Group Trust (NYSE:KRG)

LDR Capital Management LLC trimmed its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 10.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,284 shares of the real estate investment trust's stock after selling 13,924 shares during the period. Kite Realty Group Trust accounts for about 4.0% of LDR Capital Management LLC's investment portfolio, making the stock its 5th largest position. LDR Capital Management LLC owned approximately 0.05% of Kite Realty Group Trust worth $2,960,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Kite Realty Group Trust in the 3rd quarter worth $39,000. Strategic Investment Solutions Inc. IL bought a new position in Kite Realty Group Trust during the third quarter worth about $45,000. Versant Capital Management Inc lifted its position in shares of Kite Realty Group Trust by 551.7% during the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock worth $62,000 after buying an additional 2,080 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kite Realty Group Trust by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock valued at $121,000 after purchasing an additional 652 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Kite Realty Group Trust by 100.2% in the third quarter. Blue Trust Inc. now owns 6,633 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 3,319 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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Kite Realty Group Trust Stock Down 0.7 %

Shares of NYSE:KRG traded down $0.15 during trading on Wednesday, hitting $22.19. 824,291 shares of the company's stock traded hands, compared to its average volume of 2,025,989. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 1,109.50, a price-to-earnings-growth ratio of 3.57 and a beta of 1.27. The company has a 50-day moving average price of $23.63 and a 200-day moving average price of $25.35. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. As a group, research analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 5,400.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KRG shares. Wells Fargo & Company lowered their target price on Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. KeyCorp lifted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Robert W. Baird boosted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.13.

Kite Realty Group Trust Company 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.