BlackRock Institutional Trust Company N.A. lowered its position in Kite Realty Group Trust (NYSE:KRG) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,016,063 shares of the company’s stock after selling 118,627 shares during the period. BlackRock Institutional Trust Company N.A.’s holdings in Kite Realty Group Trust were worth $83,605,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Kite Realty Group Trust during the second quarter worth $131,000. PNC Financial Services Group Inc. boosted its position in Kite Realty Group Trust by 9.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,684 shares of the company’s stock worth $159,000 after buying an additional 496 shares in the last quarter. MSI Financial Services Inc boosted its position in Kite Realty Group Trust by 0.6% in the third quarter. MSI Financial Services Inc now owns 5,750 shares of the company’s stock worth $159,000 after buying an additional 36 shares in the last quarter. Sei Investments Co. boosted its position in Kite Realty Group Trust by 24.6% in the third quarter. Sei Investments Co. now owns 7,261 shares of the company’s stock worth $201,000 after buying an additional 1,433 shares in the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new position in Kite Realty Group Trust during the second quarter worth $223,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

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

Shares of Kite Realty Group Trust (NYSE:KRG) opened at 23.80 on Friday. The firm has a 50-day moving average price of $23.83 and a 200-day moving average price of $26.57. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 793.33 and a beta of 0.72. Kite Realty Group Trust has a 52-week low of $22.50 and a 52-week high of $30.45.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. The business earned $89.10 million during the quarter, compared to the consensus estimate of $88.39 million. Kite Realty Group Trust had a return on equity of 0.56% and a net margin of 2.67%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Analysts predict that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, January 6th were given a $0.3025 dividend. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 5.08%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.29. Kite Realty Group Trust’s payout ratio is currently 3,025.76%.

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A number of equities analysts have recently weighed in on the company. Stifel Nicolaus cut Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $29.00 to $27.00 in a report on Monday, December 12th. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Friday. Hilliard Lyons upgraded Kite Realty Group Trust from a “neutral” rating to a “buy” rating in a report on Monday, October 31st. Raymond James Financial, Inc. raised Kite Realty Group Trust from an “outperform” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Monday, January 9th. Finally, Citigroup Inc. lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Tuesday, December 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Kite Realty Group Trust currently has a consensus rating of “Buy” and a consensus price target of $31.00.

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.

5 Day Chart for NYSE:KRG

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