Kite Realty Group Trust (NYSE:KRG) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 54.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,255 shares of the real estate investment trust's stock after selling 13,196 shares during the quarter. Sanctuary Advisors LLC's holdings in Kite Realty Group Trust were worth $265,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in KRG. State of New Jersey Common Pension Fund D boosted its holdings in Kite Realty Group Trust by 5.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 238,357 shares of the real estate investment trust's stock worth $6,016,000 after buying an additional 13,247 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Kite Realty Group Trust by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 318,625 shares of the real estate investment trust's stock worth $7,982,000 after acquiring an additional 1,387 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Kite Realty Group Trust by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 41,130 shares of the real estate investment trust's stock worth $1,038,000 after acquiring an additional 3,811 shares during the last quarter. Retirement Guys Formula LLC acquired a new stake in Kite Realty Group Trust during the 4th quarter worth $300,000. Finally, Wealthstar Advisors LLC acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth approximately $372,000. Institutional investors and hedge funds own 90.81% of the company's stock.

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Kite Realty Group Trust Stock Up 0.8 %

Shares of KRG traded up $0.19 during midday trading on Friday, hitting $22.45. The company had a trading volume of 1,585,569 shares, compared to its average volume of 1,521,208. The company's 50-day simple moving average is $23.23 and its 200-day simple moving average is $25.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The firm has a market capitalization of $4.93 billion, a P/E 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 posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

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

Analysts Set New Price Targets

KRG has been the topic of a number of recent research reports. KeyCorp boosted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price target on 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. Robert W. Baird increased their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and an average price target of $28.13.

Kite Realty Group Trust 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.