IndexIQ Advisors LLC Reduces Stock Position in Kite Realty Group Trust (NYSE:KRG)

IndexIQ Advisors LLC cut its stake in Kite Realty Group Trust (NYSE:KRG) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,609 shares of the real estate investment trust’s stock after selling 4,297 shares during the period. IndexIQ Advisors LLC owned approximately 0.05% of Kite Realty Group Trust worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KRG. CWM LLC purchased a new position in Kite Realty Group Trust in the fourth quarter valued at about $49,000. Russell Investments Group Ltd. increased its holdings in Kite Realty Group Trust by 34.7% in the third quarter. Russell Investments Group Ltd. now owns 9,458 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 2,438 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Kite Realty Group Trust in the third quarter valued at about $207,000. First Midwest Bank Trust Division purchased a new position in Kite Realty Group Trust in the fourth quarter valued at about $213,000. Finally, Daiwa Securities Group Inc. increased its holdings in Kite Realty Group Trust by 16.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 16,025 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 2,300 shares in the last quarter. 90.53% of the stock is owned by institutional investors.

Shares of KRG opened at $17.92 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $18.36 and a 200-day simple moving average of $17.22. Kite Realty Group Trust has a 1-year low of $14.03 and a 1-year high of $19.77. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -32.00 and a beta of 0.94.

A number of research analysts have issued reports on the stock. Sandler O’Neill raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. Bank of America raised shares of Kite Realty Group Trust from an “underperform” rating to a “neutral” rating in a report on Monday, January 6th. ValuEngine raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. BTIG Research cut shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Finally, Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.00.

Kite Realty Group Trust Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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