Amalgamated Bank lessened its stake in shares of Kite Realty Group Trust (NYSE:KRG – Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,926 shares of the real estate investment trust’s stock after selling 3,434 shares during the quarter. Amalgamated Bank owned about 0.06% of Kite Realty Group Trust worth $2,740,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Kite Realty Group Trust by 46.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,107,744 shares of the real estate investment trust’s stock worth $292,827,000 after acquiring an additional 4,182,590 shares during the period. BlackRock Inc. raised its stake in Kite Realty Group Trust by 12.4% during the 1st quarter. BlackRock Inc. now owns 34,531,664 shares of the real estate investment trust’s stock worth $722,402,000 after acquiring an additional 3,818,524 shares during the period. Norges Bank bought a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $44,198,000. State Street Corp raised its stake in Kite Realty Group Trust by 15.0% during the 1st quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust’s stock worth $300,695,000 after acquiring an additional 1,726,009 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Kite Realty Group Trust by 16.6% during the 2nd quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust’s stock worth $154,637,000 after acquiring an additional 1,275,585 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Kite Realty Group Trust Trading Down 0.6 %
KRG stock opened at $21.50 on Friday. The firm has a fifty day moving average price of $22.21 and a 200 day moving average price of $21.87. Kite Realty Group Trust has a fifty-two week low of $18.77 and a fifty-two week high of $24.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $4.72 billion, a PE ratio of 126.47, a price-to-earnings-growth ratio of 3.74 and a beta of 1.30.
Wall Street Analyst Weigh In
Insider Activity at Kite Realty Group Trust
In related news, CEO John A. Kite sold 60,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.91, for a total value of $1,314,600.00. Following the completion of the transaction, the chief executive officer now directly owns 104,121 shares of the company’s stock, valued at $2,281,291.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.
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.
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