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

Cwm LLC cut its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 40.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,803 shares of the real estate investment trust’s stock after selling 1,922 shares during the quarter. Cwm LLC’s holdings in Kite Realty Group Trust were worth $64,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Kite Realty Group Trust by 41.7% during the fourth quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 742 shares during the last quarter. VitalStone Financial LLC acquired a new position in Kite Realty Group Trust in the 3rd quarter valued at about $161,000. Column Capital Advisors LLC boosted its holdings in Kite Realty Group Trust by 8,241.0% in the 3rd quarter. Column Capital Advisors LLC now owns 8,341 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 8,241 shares during the last quarter. Custom Index Systems LLC acquired a new position in Kite Realty Group Trust in the 4th quarter valued at about $244,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Kite Realty Group Trust by 17.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,447 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 1,891 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on KRG. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, April 18th. StockNews.com upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Kite Realty Group Trust has an average rating of “Hold” and a consensus price target of $26.00.

Kite Realty Group Trust Price Performance

Shares of KRG opened at $21.23 on Thursday. Kite Realty Group Trust has a fifty-two week low of $19.16 and a fifty-two week high of $24.26. The firm’s 50 day moving average price is $21.04 and its 200 day moving average price is $21.44. The company has a market cap of $4.66 billion, a P/E ratio of 81.64, a PEG ratio of 3.03 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 2.72 and a debt-to-equity ratio of 0.90.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, July 5th. Kite Realty Group Trust’s payout ratio is currently 384.63%.

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.