MQS Management LLC Has $398,000 Stock Position in Kite Realty Group Trust (NYSE:KRG)

MQS Management LLC lowered its position in shares of Kite Realty Group Trust (NYSE:KRG) by 43.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,381 shares of the real estate investment trust’s stock after selling 14,313 shares during the quarter. MQS Management LLC’s holdings in Kite Realty Group Trust were worth $398,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Kite Realty Group Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 126,703 shares of the real estate investment trust’s stock worth $2,745,000 after purchasing an additional 649 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Kite Realty Group Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 275,494 shares of the real estate investment trust’s stock worth $5,973,000 after purchasing an additional 724 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Kite Realty Group Trust by 41.7% during the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 742 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Kite Realty Group Trust by 1.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 62,353 shares of the real estate investment trust’s stock worth $1,352,000 after purchasing an additional 900 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Kite Realty Group Trust by 14.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,225 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Performance

KRG traded up $0.07 during trading hours on Thursday, reaching $23.67. The company’s stock had a trading volume of 1,674,139 shares, compared to its average volume of 1,661,165. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $5.20 billion, a PE ratio of 91.04, a price-to-earnings-growth ratio of 6.08 and a beta of 1.31. The company’s 50-day moving average is $22.19 and its 200-day moving average is $21.59. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $24.26.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date was Tuesday, July 9th. Kite Realty Group Trust’s payout ratio is 384.63%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KRG. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, April 18th. Wells Fargo & Company increased their price target on Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. One investment 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. According to data from MarketBeat, Kite Realty Group Trust has an average rating of “Hold” and an average target price of $26.00.

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.