Tdam USA Inc. lowered its position in Kite Realty Group Trust (NYSE:KRG) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,513 shares of the real estate investment trust’s stock after selling 2,683 shares during the period. Tdam USA Inc.’s holdings in Kite Realty Group Trust were worth $767,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KRG. Glen Harbor Capital Management LLC increased its stake in Kite Realty Group Trust by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 4,648 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 728 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Kite Realty Group Trust by 25.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,078 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,039 shares in the last quarter. Elkfork Partners LLC increased its stake in Kite Realty Group Trust by 18.6% in the first quarter. Elkfork Partners LLC now owns 5,644 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 884 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Kite Realty Group Trust by 30.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,425 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,500 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Kite Realty Group Trust during the first quarter worth about $154,000. 94.34% of the stock is owned by institutional investors.

Kite Realty Group Trust (NYSE:KRG) opened at 20.91 on Wednesday. The stock has a market cap of $1.75 billion, a PE ratio of 149.36 and a beta of 0.57. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $29.75. The firm has a 50 day moving average of $19.30 and a 200-day moving average of $20.74.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $92.65 million during the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. Equities analysts anticipate that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th were issued a $0.3025 dividend. The ex-dividend date was Monday, July 3rd. This represents a $1.21 annualized dividend and a dividend yield of 5.79%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 864.29%.

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A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barclays PLC decreased their target price on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.86.

About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

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

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