Shell Asset Management Co. Trims Holdings in Kite Realty Group Trust (NYSE:KRG)

Shell Asset Management Co. lowered its holdings in Kite Realty Group Trust (NYSE:KRG) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 24,147 shares of the real estate investment trust’s stock after selling 677 shares during the quarter. Shell Asset Management Co.’s holdings in Kite Realty Group Trust were worth $524,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Duality Advisers LP bought a new stake in Kite Realty Group Trust in the fourth quarter valued at $973,000. LSV Asset Management increased its position in shares of Kite Realty Group Trust by 33.4% during the fourth quarter. LSV Asset Management now owns 917,000 shares of the real estate investment trust’s stock valued at $20,963,000 after buying an additional 229,788 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Kite Realty Group Trust by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust’s stock worth $76,448,000 after buying an additional 90,897 shares in the last quarter. Entropy Technologies LP purchased a new stake in Kite Realty Group Trust in the first quarter worth about $594,000. Finally, Vanguard Group Inc. boosted its position in Kite Realty Group Trust by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 33,597,373 shares of the real estate investment trust’s stock valued at $728,391,000 after acquiring an additional 881,502 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KRG has been the subject of several research reports. Jefferies Financial Group raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday, April 18th. Wells Fargo & Company boosted their target price on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Kite Realty Group Trust Stock Up 0.7 %

Shares of NYSE:KRG traded up $0.17 on Friday, hitting $23.84. 155,790 shares of the company traded hands, compared to its average volume of 1,651,324. The company has a market cap of $5.24 billion, a PE ratio of 91.04, a PEG ratio of 5.95 and a beta of 1.31. The stock has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $21.59. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $24.26. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90.

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.