Kite Realty Group Trust (NYSE:KRG) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its position in shares of Kite Realty Group Trust (NYSE:KRG – Get Rating) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 89,152 shares of the real estate investment trust’s stock after selling 4,103 shares during the quarter. LPL Financial LLC’s holdings in Kite Realty Group Trust were worth $1,877,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC purchased a new position in shares of Kite Realty Group Trust during the third quarter worth about $1,560,000. Vestmark Advisory Solutions Inc. grew its holdings in shares of Kite Realty Group Trust by 39.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,032 shares of the real estate investment trust’s stock worth $695,000 after buying an additional 9,335 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Kite Realty Group Trust by 20.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 15,358 shares of the real estate investment trust’s stock worth $323,285,900,000 after buying an additional 2,620 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Kite Realty Group Trust by 7.0% during the third quarter. Asset Management One Co. Ltd. now owns 371,289 shares of the real estate investment trust’s stock worth $6,393,000 after buying an additional 24,394 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kite Realty Group Trust by 8.0% during the third quarter. Russell Investments Group Ltd. now owns 2,238,115 shares of the real estate investment trust’s stock worth $38,423,000 after buying an additional 166,729 shares during the last quarter. Hedge funds and other institutional investors own 96.84% of the company’s stock.

Kite Realty Group Trust Price Performance

KRG stock opened at $20.31 on Wednesday. The firm has a 50 day moving average of $20.28 and a 200-day moving average of $21.08. Kite Realty Group Trust has a 12-month low of $16.42 and a 12-month high of $23.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 677.23, a PEG ratio of 1.98 and a beta of 1.37.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, July 7th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.73%. Kite Realty Group Trust’s payout ratio is 3,201.07%.

Analysts Set New Price Targets

KRG has been the topic of a number of research reports. Piper Sandler raised their price target on Kite Realty Group Trust from $26.00 to $28.00 in a report on Monday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Kite Realty Group Trust in a research report on Monday, April 24th. They issued a “neutral” rating and a $23.00 price objective for the company. StockNews.com initiated coverage on shares of Kite Realty Group Trust in a research report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Wells Fargo & Company initiated coverage on shares of Kite Realty Group Trust in a research report on Tuesday. They issued an “underweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.38.

Kite Realty Group Trust Company Profile

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Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.