Los Angeles Capital Management LLC Sells 10,835 Shares of Kite Realty Group Trust (NYSE:KRG)

Los Angeles Capital Management LLC trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,971 shares of the real estate investment trust's stock after selling 10,835 shares during the period. Los Angeles Capital Management LLC's holdings in Kite Realty Group Trust were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Kite Realty Group Trust in the third quarter valued at $39,000. Versant Capital Management Inc grew its holdings in 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 valued at $62,000 after buying an additional 2,080 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Kite Realty Group Trust by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 652 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Kite Realty Group Trust by 19.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust's stock worth $187,000 after buying an additional 1,210 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of Kite Realty Group Trust in the third quarter valued at approximately $203,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Kite Realty Group Trust Trading Up 0.8 %

KRG traded up $0.19 during midday trading on Friday, reaching $22.45. 1,585,568 shares of the company's stock traded hands, compared to its average volume of 1,522,402. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a fifty day moving average of $23.28 and a two-hundred day moving average of $25.24. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 1,122.30, a P/E/G ratio of 3.57 and a beta of 1.30.

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

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust's payout ratio is 5,400.00%.

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.