Kite Realty Group Trust (NYSE:KRG) Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC reduced its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,208 shares of the real estate investment trust’s stock after selling 38,809 shares during the quarter. Kite Realty Group Trust makes up about 3.9% of LDR Capital Management LLC’s holdings, making the stock its 5th largest position. LDR Capital Management LLC owned about 0.06% of Kite Realty Group Trust worth $3,485,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KRG. UMB Bank n.a. raised its holdings in Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 950 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Kite Realty Group Trust during the first quarter valued at approximately $42,000. GAMMA Investing LLC grew its holdings in Kite Realty Group Trust by 158.2% in the second quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,204 shares during the last quarter. Quarry LP grew its holdings in shares of Kite Realty Group Trust by 108.4% during the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,167 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Kite Realty Group Trust during the first quarter valued at $52,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock opened at $25.89 on Tuesday. The business’s 50-day simple moving average is $25.93 and its 200 day simple moving average is $23.43. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 99.58, a P/E/G ratio of 3.93 and a beta of 1.29. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $27.15. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.88.

Kite Realty Group Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.26 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Wednesday, October 9th. Kite Realty Group Trust’s payout ratio is currently 400.00%.

Insider Buying and Selling

In related news, Director Steven P. Grimes sold 37,295 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.80, for a total transaction of $999,506.00. Following the completion of the sale, the director now directly owns 732,252 shares in the company, valued at $19,624,353.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KRG. Piper Sandler upped their price target on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research report on Wednesday, August 28th. Raymond James raised shares of Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research report on Friday, August 16th. KeyCorp boosted their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird upped their price target on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.