NewSquare Capital LLC continued to hold its position in Kite Realty Group Trust (NYSE:KRG) during the second quarter, Holdings Channel reports. The fund owned 4,847 shares of the company’s stock at the end of the second quarter. NewSquare Capital LLC’s holdings in Kite Realty Group Trust were worth $136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new stake in Kite Realty Group Trust during the first quarter worth $117,000. BlackRock Japan Co. Ltd boosted its stake in Kite Realty Group Trust by 2.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,476 shares of the company’s stock worth $124,000 after buying an additional 123 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Kite Realty Group Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,594 shares of the company’s stock worth $157,000 after buying an additional 15 shares during the last quarter. GWM Advisors LLC bought a new stake in Kite Realty Group Trust during the second quarter worth $210,000. Finally, Investment Centers of America Inc. boosted its stake in Kite Realty Group Trust by 9.1% in the first quarter. Investment Centers of America Inc. now owns 10,037 shares of the company’s stock worth $279,000 after buying an additional 839 shares during the last quarter. Hedge funds and other institutional investors own 91.15% of the company’s stock.

Kite Realty Group Trust (NYSE:KRG) traded down 0.26% during mid-day trading on Tuesday, hitting $27.32. The stock had a trading volume of 344,135 shares. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 546.40 and a beta of 0.91. The company has a 50-day moving average of $28.72 and a 200-day moving average of $27.95. Kite Realty Group Trust has a 12-month low of $23.23 and a 12-month high of $30.45.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm earned $87.58 million during the quarter, compared to analyst estimates of $87.30 million. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.88%. Kite Realty Group Trust’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. On average, analysts anticipate that Kite Realty Group Trust will post $2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, October 6th will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Tuesday, October 4th. Kite Realty Group Trust’s dividend payout ratio is currently 1,916.99%.

A number of analysts have weighed in on the company. BTIG Research assumed coverage on Kite Realty Group Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $35.00 price objective for the company. Zacks Investment Research cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Hilliard Lyons cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st. Finally, Barclays PLC assumed coverage on Kite Realty Group Trust in a research report on Friday, July 22nd. They set an “overweight” rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Kite Realty Group Trust presently has an average rating of “Buy” and an average price target of $32.00.

In related news, CEO John A. Kite sold 33,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $30.09, for a total value of $992,970.00. Following the completion of the sale, the chief executive officer now directly owns 122,001 shares of the company’s stock, valued at $3,671,010.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Thomas R. Olinger sold 5,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $30.22, for a total value of $166,210.00. Following the completion of the sale, the chief accounting officer now directly owns 11,540 shares of the company’s stock, valued at $348,738.80. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust 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.

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