SG Americas Securities LLC Lowers Position in Kite Realty Group Trust (NYSE:KRG)

SG Americas Securities LLC lowered its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 79.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,539 shares of the real estate investment trust's stock after selling 140,541 shares during the period. SG Americas Securities LLC's holdings in Kite Realty Group Trust were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KRG. Creative Planning boosted its holdings in Kite Realty Group Trust by 4.8% in the 3rd quarter. Creative Planning now owns 11,783 shares of the real estate investment trust's stock valued at $252,000 after purchasing an additional 535 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Kite Realty Group Trust by 2.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 24,241 shares of the real estate investment trust's stock valued at $507,000 after acquiring an additional 555 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Kite Realty Group Trust by 4.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,619 shares of the real estate investment trust's stock valued at $313,000 after acquiring an additional 576 shares during the period. Lazard Asset Management LLC raised its stake in shares of Kite Realty Group Trust by 14.6% in the 3rd quarter. Lazard Asset Management LLC now owns 4,977 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 634 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Kite Realty Group Trust by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 78,300 shares of the real estate investment trust's stock valued at $1,677,000 after acquiring an additional 639 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KRG. StockNews.com raised shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Piper Sandler boosted their price target on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.00.

Kite Realty Group Trust Stock Down 1.2 %

KRG traded down $0.26 during trading hours on Tuesday, hitting $20.93. 1,438,005 shares of the company's stock were exchanged, compared to its average volume of 1,914,578. Kite Realty Group Trust has a 12-month low of $19.16 and a 12-month high of $24.26. The firm has a 50 day moving average of $21.33 and a 200 day moving average of $21.47. The firm has a market cap of $4.59 billion, a P/E ratio of 95.14, a price-to-earnings-growth ratio of 3.12 and a beta of 1.29. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, April 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.78%. The ex-dividend date is Thursday, April 4th. Kite Realty Group Trust's payout ratio is currently 454.57%.

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.