Goldman Sachs Group Inc. Has $38.04 Million Stake in Kite Realty Group Trust (NYSE:KRG)

Goldman Sachs Group Inc. decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,664,218 shares of the real estate investment trust’s stock after selling 121,223 shares during the period. Goldman Sachs Group Inc.’s holdings in Kite Realty Group Trust were worth $38,044,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC acquired a new position in Kite Realty Group Trust during the fourth quarter worth $39,000. Wolverine Asset Management LLC raised its position in Kite Realty Group Trust by 280.5% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,327 shares in the last quarter. Blue Trust Inc. raised its position in Kite Realty Group Trust by 41.7% during the fourth quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 742 shares in the last quarter. VitalStone Financial LLC bought a new stake in Kite Realty Group Trust during the third quarter worth $161,000. Finally, Worth Venture Partners LLC bought a new stake in Kite Realty Group Trust during the fourth quarter worth $217,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 0.3 %

Shares of Kite Realty Group Trust stock opened at $21.93 on Friday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 84.33, a PEG ratio of 5.50 and a beta of 1.28. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $24.26. The firm’s 50-day moving average price is $21.39 and its two-hundred day moving average price is $21.57.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 9th. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. Kite Realty Group Trust’s payout ratio is 384.63%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KRG shares. Wells Fargo & Company raised their price target on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

About Kite Realty Group Trust

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.