Sigma Planning Corp trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG) by 42.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,075 shares of the real estate investment trust’s stock after selling 7,338 shares during the period. Sigma Planning Corp’s holdings in Kite Realty Group Trust were worth $197,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of KRG. Zions Bancorporation bought a new position in Kite Realty Group Trust during the 3rd quarter valued at about $111,000. Perigon Wealth Management LLC grew its holdings in Kite Realty Group Trust by 58.1% during the 2nd quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,500 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Kite Realty Group Trust by 374.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,126 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 5,623 shares during the last quarter. Cetera Advisors LLC bought a new position in Kite Realty Group Trust during the 3rd quarter valued at about $223,000. Finally, Schroder Investment Management Group bought a new position in Kite Realty Group Trust during the 3rd quarter valued at about $223,000. Institutional investors own 95.50% of the company’s stock.
In other news, COO Thomas K. Mcgowan sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the completion of the sale, the chief operating officer now owns 86,751 shares of the company’s stock, valued at approximately $1,667,354.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Wurtzebach purchased 6,600 shares of the stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average cost of $14.65 per share, with a total value of $96,690.00. The disclosure for this purchase can be found here. 1.87% of the stock is currently owned by corporate insiders.
Shares of Kite Realty Group Trust (NYSE KRG) opened at $15.52 on Wednesday. The stock has a market cap of $1,301.65, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.05 and a quick ratio of 1.05. Kite Realty Group Trust has a 52-week low of $13.90 and a 52-week high of $22.34.
Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $89.14 million. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. equities research analysts anticipate that Kite Realty Group Trust will post 2.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, April 6th will be given a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.27 annualized dividend and a dividend yield of 8.18%. Kite Realty Group Trust’s payout ratio is presently 907.14%.
Kite Realty Group Trust Profile
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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