Large Outflow of Money Witnessed in Kite Realty Group Trust

Kite Realty Group Trust (NYSE:KRG) managed to stay afloat and traded higher with an addition of 0.68 point or 2.64% at $26.4. The money flow data is a negative $(-3.5) million with $5.72 million in upticks and $9.21 million in downticks. The intraday up/down ratio came in at 0.62. The shares have seen -5.14% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $1.44 million and the combined worth of the downticks was $4, Million, leading to the up/down ratio of 0.36. The block trade saw a net money flow of $(-2.56) million.


Currently the company Insiders own 1.19% of Kite Realty Group Trust shares according to the proxy statements. Institutional Investors own 93.27% of Kite Realty Group Trust shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Olinger Thomas R, officer (Senior VP & CAO) of Kite Realty Group Trust, had unloaded 2,283 shares at an average price of $26.36 in a transaction dated on February 10, 2016. The total value of the transaction was worth $60,180.

Kite Realty Group Trust (NYSE:KRG) : On Monday heightened volatility was witnessed in Kite Realty Group Trust (NYSE:KRG) which led to swings in the share price. The stock opened for trading at $26.34 and hit $27.1 on the upside , eventually ending the session at $26.4, with a gain of 2.64% or 0.68 points. The heightened volatility saw the trading volume jump to 1,688,643 shares. The 52-week high of the share price is $30 and the company has a market cap of $2,201 million. The 52-week low of the share price is at $22.82 .

Many analysts have stated their opinion on the company shares. DA Davidson initiates coverage on Kite Realty Group Trust (NYSE:KRG).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on April 1, 2016.

Kite Realty Group Trust is a full-service, vertically integrated real estate company engaged in the ownership and operation, acquisition, development and redevelopment of neighborhood and community shopping centers in the United States. The Company conducts all of its business through its operating partnership, Kite Realty Group, L.P. (KRG). The Company held a 98.1% interest in KRG with limited partners owning the remaining 1.9%. The Company owns interests in 118 retail operating properties totaling approximately 23.9 million square feet of gross leasable area (including approximately 7.7 million square feet of non-owned anchor space) located in 26 states. Its retail operating portfolio was 94.8% leased to a diversified retail tenant base, with no single retail tenant accounting for more than 3.4% of its total annualized base rent.

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