Kite Realty Group Trust (NYSE:KRG – Get Free Report) Director Steven P. Grimes sold 37,295 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 732,252 shares in the company, valued at $19,624,353.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kite Realty Group Trust Stock Up 0.3 %
Shares of NYSE KRG opened at $26.77 on Thursday. The business has a 50-day moving average price of $24.95 and a 200 day moving average price of $22.61. The stock has a market cap of $5.88 billion, a PE ratio of 102.96, a price-to-earnings-growth ratio of 3.97 and a beta of 1.29. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be given 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 yield of 3.88%. The ex-dividend date is Wednesday, October 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 400.00%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on KRG
Institutional Investors Weigh In On Kite Realty Group Trust
Hedge funds have recently made changes to their positions in the business. Pineridge Advisors LLC purchased a new stake in Kite Realty Group Trust during the 4th quarter valued at approximately $39,000. Fidelis Capital Partners LLC acquired a new position in shares of Kite Realty Group Trust in the first quarter valued at approximately $42,000. GAMMA Investing LLC raised its stake in shares of Kite Realty Group Trust by 158.2% during 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 lifted 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 worth $50,000 after purchasing an additional 1,167 shares during the period. Finally, SageView Advisory Group LLC purchased a new position in Kite Realty Group Trust in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
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.
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