Shell Asset Management Co. Lowers Holdings in Kite Realty Group Trust (NYSE:KRG)

Shell Asset Management Co. cut its position in shares of Kite Realty Group Trust (NYSE:KRGFree Report) by 9.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,805 shares of the real estate investment trust’s stock after selling 4,255 shares during the quarter. Shell Asset Management Co.’s holdings in Kite Realty Group Trust were worth $831,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KRG. Strategic Investment Solutions Inc. IL acquired a new stake in Kite Realty Group Trust in the first quarter worth $33,000. Northwestern Mutual Wealth Management Co. boosted its stake in Kite Realty Group Trust by 107.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 846 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Kite Realty Group Trust by 91.4% in the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 800 shares during the period. Covestor Ltd boosted its position in shares of Kite Realty Group Trust by 7,854.2% in the 1st quarter. Covestor Ltd now owns 1,909 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,885 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in shares of Kite Realty Group Trust by 34.4% in the 1st quarter. Belpointe Asset Management LLC now owns 2,933 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 750 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kite Realty Group Trust news, CEO John A. Kite sold 60,000 shares of Kite Realty Group Trust stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $21.91, for a total value of $1,314,600.00. Following the transaction, the chief executive officer now directly owns 104,121 shares of the company’s stock, valued at approximately $2,281,291.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on KRG shares. Piper Sandler raised their price objective on Kite Realty Group Trust from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Wells Fargo & Company cut their price target on Kite Realty Group Trust from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Get Our Latest Stock Report on Kite Realty Group Trust

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG opened at $21.49 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $22.21 and its two-hundred day moving average is $21.88. The company has a market cap of $4.71 billion, a P/E ratio of 126.41, a P/E/G ratio of 3.74 and a beta of 1.30. Kite Realty Group Trust has a 12 month low of $18.77 and a 12 month high of $24.26.

Kite Realty Group Trust Profile

(Free Report)

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.

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

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