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

Foster & Motley Inc. decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 61.9% during the fourth quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. grew its position in shares of Kite Realty Group Trust by 41.7% in the fourth quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. VitalStone Financial LLC bought a new stake in shares of Kite Realty Group Trust during the third quarter valued at about $161,000. Column Capital Advisors LLC lifted its holdings in shares of Kite Realty Group Trust by 8,241.0% in the third quarter. Column Capital Advisors LLC now owns 8,341 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 8,241 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Kite Realty Group Trust in the third quarter valued at approximately $212,000. Finally, Custom Index Systems LLC purchased a new position in Kite Realty Group Trust during the fourth quarter valued at approximately $244,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

KRG has been the subject of several analyst reports. StockNews.com raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

Kite Realty Group Trust Trading Up 0.1 %

NYSE:KRG opened at $21.72 on Thursday. The firm has a market capitalization 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. Kite Realty Group Trust has a 52 week low of $19.16 and a 52 week high of $24.26. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $21.03 and a 200 day moving average of $21.39.

Kite Realty Group Trust Announces Dividend

The firm also recently declared 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 payout ratio is 454.57%.

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.