35,524 Shares in Kite Realty Group Trust (NYSE:KRG) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,524 shares of the real estate investment trust's stock, valued at approximately $795,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Kite Realty Group Trust by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 41,130 shares of the real estate investment trust's stock worth $1,038,000 after buying an additional 3,811 shares during the period. New York State Common Retirement Fund boosted its position in shares of Kite Realty Group Trust by 18.6% in the fourth quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust's stock valued at $2,741,000 after acquiring an additional 17,015 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Kite Realty Group Trust by 2.2% in the fourth quarter. Handelsbanken Fonder AB now owns 68,333 shares of the real estate investment trust's stock valued at $1,725,000 after acquiring an additional 1,500 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $231,000. Finally, Proficio Capital Partners LLC bought a new stake in Kite Realty Group Trust during the fourth quarter valued at approximately $1,180,000. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Trading Up 1.8%

KRG stock traded up $0.40 during midday trading on Monday, reaching $23.08. The company's stock had a trading volume of 1,525,934 shares, compared to its average volume of 1,693,903. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day simple moving average of $22.16 and a two-hundred day simple moving average of $22.80. Kite Realty Group Trust has a 1 year low of $18.52 and a 1 year high of $28.24. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 329.71, a PEG ratio of 5.78 and a beta of 1.11.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. On average, equities research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is presently 1,542.86%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KRG. Raymond James Financial dropped their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Friday, May 23rd. Wells Fargo & Company lowered their price target on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Wall Street Zen raised shares of Kite Realty Group Trust from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and an average price target of $27.63.

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.