SG Americas Securities LLC cut its stake in Kite Realty Group Trust (NYSE:KRG) by 71.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,558 shares of the real estate investment trust’s stock after selling 16,386 shares during the period. SG Americas Securities LLC’s holdings in Kite Realty Group Trust were worth $129,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KRG. Zions Bancorporation acquired a new position in Kite Realty Group Trust in the 3rd quarter valued at $111,000. Cetera Advisors LLC acquired a new position in Kite Realty Group Trust in the 3rd quarter valued at $223,000. Schroder Investment Management Group acquired a new position in Kite Realty Group Trust in the 3rd quarter valued at $223,000. Nisa Investment Advisors LLC raised its holdings in Kite Realty Group Trust by 80.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Kite Realty Group Trust in the 3rd quarter valued at $296,000. 94.06% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Charles H. Wurtzebach bought 6,600 shares of the stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $14.65 per share, with a total value of $96,690.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William E. Bindley bought 100,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $15.06 per share, with a total value of $1,506,000.00. Following the acquisition, the director now owns 85,014 shares in the company, valued at $1,280,310.84. The disclosure for this purchase can be found here. 1.87% of the stock is owned by corporate insiders.
Kite Realty Group Trust (NYSE KRG) opened at $15.38 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.09. Kite Realty Group Trust has a fifty-two week low of $13.90 and a fifty-two week high of $22.34. The company has a market capitalization of $1,302.48, a price-to-earnings ratio of 7.64, a PEG ratio of 1.83 and a beta of 0.50.
Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The company had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $89.14 million. During the same quarter in the previous year, the firm earned $0.50 EPS. Kite Realty Group Trust’s revenue was up .0% on a year-over-year basis. research analysts expect that Kite Realty Group Trust will post 2.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, April 6th will be issued a $0.3175 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.27 dividend on an annualized basis and a yield of 8.26%. Kite Realty Group Trust’s payout ratio is presently 907.14%.
About Kite Realty Group Trust
Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.
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