Today’s Dividend Flows: Kite Realty Group Trust (NYSE:KRG) expected to pay $0.29 on Oct 13, 2016

Today's Dividend Flows: Kite Realty Group Trust (NYSE:KRG) expected to pay $0.29 on Oct 13, 2016

Kite Realty Group Trust (NYSE:KRG) is expected to pay $0.29 on Oct 13, 2016. The indicated annual dividend is $1.15. Shareholders owning the stock before Oct 4, 2016 will be eligible to receive the payout. Based on Kite Realty Group Trust’s current price of $27.58, the dividend is 1.04%. This dividend’s record date is Oct 6, 2016 and the announcement date is Aug 12, 2016. Kite Realty Group Trust (NYSE:KRG) has risen 2.97% since February 29, 2016 and is uptrending. It has underperformed by 9.24% the S&P500.

Kite Realty Group Trust is a real estate investment trust. The company has a market cap of $2.31 billion. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States. It currently has negative earnings. The Firm holds interests in approximately three development projects under construction, and over six redevelopment projects.

Insitutional Activity: The institutional sentiment decreased to 1.33 in Q2 2016. Its down 0.08, from 1.41 in 2016Q1. The ratio dropped, as 20 funds sold all Kite Realty Group Trust shares owned while 65 reduced positions. 33 funds bought stakes while 80 increased positions. They now own 74.24 million shares or 2.34% less from 76.01 million shares in 2016Q1.
Koshinski Asset Mgmt has 7,772 shares for 0% of their US portfolio. Stephens Inc Ar owns 79,229 shares or 0.1% of their US portfolio. Jpmorgan Chase And holds 700,349 shares or 0% of its portfolio. Ladenburg Thalmann Fincl Svcs holds 0.03% of its portfolio in Kite Realty Group Trust (NYSE:KRG) for 68,812 shares. Moreover, Hancock has 0.01% invested in Kite Realty Group Trust (NYSE:KRG) for 9,647 shares. Fund Sa has 22,400 shares for 0.01% of their US portfolio. D E Shaw & Inc holds 0% or 22,004 shares in its portfolio. Blackrock Invest Mngmt Ltd Liability Corp has 378,599 shares for 0.01% of their US portfolio. Brown Brothers Harriman And has 1,875 shares for 0% of their US portfolio. Clearbridge Investments Ltd Liability Co has invested 0% of its portfolio in Kite Realty Group Trust (NYSE:KRG). Boothbay Fund Mgmt Limited Liability Corp has 38,829 shares for 0.52% of their US portfolio. Cipher Cap Lp has 30,132 shares for 0.06% of their US portfolio. American Intll Gp Incorporated Inc owns 61,657 shares or 0% of their US portfolio. Phocas Fin last reported 324,465 shares in the company. The Texas-based Teacher Retirement Systems Of Texas has invested 0% in Kite Realty Group Trust (NYSE:KRG).

Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 3 sales for $1.66 million net activity. Another trade for 16,625 shares valued at $497,930 was made by Sink Daniel R on Friday, July 29. The insider Kite John A sold $992,808. Olinger Thomas R had sold 5,500 shares worth $166,225.

Kite Realty Group Trust (NYSE:KRG) Ratings Coverage

Out of 6 analysts covering Kite Realty Group Trust (NYSE:KRG), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Kite Realty Group Trust has been the topic of 7 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Monday, May 2 to “Outperform”. BTIG Research initiated Kite Realty Group Trust (NYSE:KRG) on Thursday, August 25 with “Buy” rating. As per Thursday, January 7, the company rating was downgraded by Robert W. Baird. As per Friday, April 1, the company rating was initiated by DA Davidson. Raymond James upgraded Kite Realty Group Trust (NYSE:KRG) on Thursday, September 3 to “Strong Buy” rating. As per Friday, July 22, the company rating was initiated by Barclays Capital. The rating was downgraded by KeyBanc Capital Markets on Thursday, December 17 to “Sector Weight”.

More notable recent Kite Realty Group Trust (NYSE:KRG) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Kite Realty Group Trust, Physicians Realty Trust and …” on September 30, 2016, also Nasdaq.com with their article: “Kite Realty Group Trust (KRG) Ex-Dividend Date Scheduled for October 04, 2016” published on October 03, 2016, Businesswire.com published: “Kite Realty Group Trust Announces Pricing of Inaugural $300 Million Public …” on September 15, 2016. More interesting news about Kite Realty Group Trust (NYSE:KRG) were released by: Reuters.com and their article: “Exclusive: Kite Realty in bid to merge with WP Glimcher – sources” published on June 08, 2016 as well as Businesswire.com‘s news article titled: “Kite Realty Group Trust Announces Quarterly Common Dividend” with publication date: August 11, 2016.

KRG Company Profile

Kite Realty Group Trust, incorporated on March 29, 2004, is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States. The Firm holds interests in approximately three development projects under construction, and over six redevelopment projects.

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