Edgestream Partners L.P. Sells 83,270 Shares of Kite Realty Group Trust (NYSE:KRG)

Edgestream Partners L.P. decreased its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 31.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,120 shares of the real estate investment trust's stock after selling 83,270 shares during the quarter. Edgestream Partners L.P. owned about 0.08% of Kite Realty Group Trust worth $4,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. raised its holdings in Kite Realty Group Trust by 19.9% during the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock worth $71,000 after buying an additional 467 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Kite Realty Group Trust by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the real estate investment trust's stock worth $1,376,000 after acquiring an additional 500 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Kite Realty Group Trust by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock valued at $806,000 after acquiring an additional 556 shares in the last quarter. FIL Ltd boosted its stake in Kite Realty Group Trust by 19.8% during the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Kite Realty Group Trust by 3.3% during the 4th quarter. IHT Wealth Management LLC now owns 18,489 shares of the real estate investment trust's stock worth $467,000 after purchasing an additional 582 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KRG. UBS Group initiated coverage on Kite Realty Group Trust in a research report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 target price on the stock. Raymond James Financial cut their price target on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Friday, May 23rd. Wall Street Zen lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company decreased their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.22.

Kite Realty Group Trust Stock Performance

Shares of NYSE:KRG traded up $0.22 during mid-day trading on Thursday, reaching $22.57. The company had a trading volume of 565,539 shares, compared to its average volume of 1,714,549. The company's 50-day moving average price is $22.47 and its 200-day moving average price is $22.48. Kite Realty Group Trust has a one year low of $18.52 and a one year high of $28.24. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 322.23, a PEG ratio of 6.75 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.89.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a return on equity of 0.41% and a net margin of 1.59%. The firm had revenue of $221.76 million for the quarter, compared to analysts' expectations of $211.07 million. As a group, equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 1,542.86%.

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.