Sanctuary Advisors LLC Has $265,000 Position in Kite Realty Group Trust (NYSE:KRG)

Sanctuary Advisors LLC cut its position in Kite Realty Group Trust (NYSE:KRG) by 54.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,255 shares of the real estate investment trust’s stock after selling 13,196 shares during the quarter. Sanctuary Advisors LLC’s holdings in Kite Realty Group Trust were worth $265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at approximately $39,000. Versant Capital Management Inc grew its holdings in shares of Kite Realty Group Trust by 551.7% during the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,080 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Kite Realty Group Trust by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 652 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Kite Realty Group Trust by 19.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at approximately $203,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Down 2.1 %

KRG opened at $22.84 on Wednesday. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 1,141.75, a PEG ratio of 3.57 and a beta of 1.27. The company’s 50 day moving average price is $23.40 and its two-hundred day moving average price is $25.28.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. As a group, research analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio is currently 5,400.00%.

Analyst Ratings Changes

KRG has been the topic of several research reports. KeyCorp lifted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Robert W. Baird lifted their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Wells Fargo & Company reduced their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Piper Sandler reissued a “neutral” rating and set a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kite Realty Group Trust has an average rating of “Moderate Buy” and an average target price of $28.13.

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.