Foster & Motley Inc. Sells 24,490 Shares of Kite Realty Group Trust (NYSE:KRG)

Foster & Motley Inc. reduced its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 61.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,064 shares of the real estate investment trust’s stock after selling 24,490 shares during the quarter. Foster & Motley Inc.’s holdings in Kite Realty Group Trust were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. raised its stake 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 in the last quarter. VitalStone Financial LLC acquired a new position in Kite Realty Group Trust during the 3rd quarter worth approximately $161,000. Column Capital Advisors LLC lifted its stake 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. Oak Thistle LLC bought a new position in Kite Realty Group Trust in the 3rd quarter valued at approximately $212,000. Finally, Custom Index Systems LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter valued at approximately $244,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Up 0.1 %

Shares of NYSE:KRG opened at $21.72 on Thursday. The business has a fifty day simple moving average of $21.03 and a 200 day simple moving average of $21.39. Kite Realty Group Trust has a 12-month low of $19.16 and a 12-month high of $24.26. The firm has a market cap of $4.77 billion, a P/E ratio of 98.73, a P/E/G ratio of 3.12 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.79.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio is presently 454.57%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports 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 target for the company in a report on Thursday, April 18th. StockNews.com raised 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 assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.00.

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.