Kite Realty Group Trust (NYSE:KRG) CEO Sells $234,750.00 in Stock

Kite Realty Group Trust (NYSE:KRG) CEO John A. Kite sold 12,500 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $18.78, for a total value of $234,750.00. Following the completion of the transaction, the chief executive officer now owns 26,110 shares of the company’s stock, valued at $490,345.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE KRG opened at $18.88 on Monday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 2.29 and a beta of 0.84. Kite Realty Group Trust has a twelve month low of $13.66 and a twelve month high of $18.89. The stock has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $15.88. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.92.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). The company had revenue of $74.94 million during the quarter, compared to analyst estimates of $76.16 million. Kite Realty Group Trust had a negative net margin of 14.39% and a negative return on equity of 3.45%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Research analysts expect that Kite Realty Group Trust will post 1.64 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of KRG. Amundi Pioneer Asset Management Inc. increased its holdings in Kite Realty Group Trust by 6.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 42,188 shares of the real estate investment trust’s stock valued at $674,000 after purchasing an additional 2,579 shares during the period. CWM Advisors LLC acquired a new stake in Kite Realty Group Trust in the second quarter valued at $161,000. Foundry Partners LLC increased its holdings in Kite Realty Group Trust by 11.0% in the second quarter. Foundry Partners LLC now owns 328,645 shares of the real estate investment trust’s stock valued at $4,972,000 after purchasing an additional 32,505 shares during the period. Commonwealth Equity Services LLC increased its holdings in Kite Realty Group Trust by 3.4% in the second quarter. Commonwealth Equity Services LLC now owns 168,381 shares of the real estate investment trust’s stock valued at $2,547,000 after purchasing an additional 5,494 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in Kite Realty Group Trust during the 2nd quarter worth about $931,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

A number of brokerages have recently commented on KRG. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. DA Davidson reiterated a “neutral” rating on shares of Kite Realty Group Trust in a research note on Monday, July 29th. Compass Point upgraded Kite Realty Group Trust from a “sell” rating to a “neutral” rating and increased their price target for the company from $13.50 to $14.50 in a research note on Wednesday, September 4th. ValuEngine upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Barclays set a $16.00 price target on Kite Realty Group Trust and gave the company a “hold” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Kite Realty Group Trust currently has a consensus rating of “Hold” and an average target price of $15.50.

About Kite Realty Group Trust

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.

Recommended Story: If I purchase shares through a brokerage account, am I the holder of record?

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.