Kite Realty Group Trust $KRG Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in Kite Realty Group Trust (NYSE:KRG) by 5.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,417,086 shares of the real estate investment trust’s stock after selling 85,711 shares during the period. William Blair Investment Management LLC owned about 0.65% of Kite Realty Group Trust worth $31,601,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Kite Realty Group Trust by 32.2% in the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after buying an additional 19,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kite Realty Group Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after acquiring an additional 5,666 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Kite Realty Group Trust during the second quarter worth about $514,000. Envestnet Asset Management Inc. lifted its holdings in shares of Kite Realty Group Trust by 24.3% in the second quarter. Envestnet Asset Management Inc. now owns 245,468 shares of the real estate investment trust’s stock valued at $5,560,000 after purchasing an additional 48,003 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Kite Realty Group Trust by 0.5% in the second quarter. Retirement Systems of Alabama now owns 268,659 shares of the real estate investment trust’s stock valued at $6,085,000 after purchasing an additional 1,298 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KRG. Wall Street Zen raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. UBS Group reissued a “neutral” rating and issued a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Citigroup reiterated a “neutral” rating and set a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Jefferies Financial Group restated a “hold” rating and issued a $24.00 target price (up from $23.00) on shares of Kite Realty Group Trust in a report on Monday, December 15th. Finally, Robert W. Baird boosted their price objective on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.00.

Kite Realty Group Trust Trading Down 0.2%

Shares of KRG stock opened at $26.02 on Monday. The firm’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $23.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74. Kite Realty Group Trust has a 1-year low of $18.51 and a 1-year high of $26.31. The firm has a market cap of $5.38 billion, a P/E ratio of 18.85, a PEG ratio of 6.54 and a beta of 0.86.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 9th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 84.06%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.