US Bancorp DE lowered its position in shares of Kite Realty Group Trust (NYSE:KRG) by 15.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 49,227 shares of the real estate investment trust’s stock after selling 9,116 shares during the period. US Bancorp DE’s holdings in Kite Realty Group Trust were worth $932,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KRG. Glen Harbor Capital Management LLC boosted 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. boosted 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 boosted 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. boosted 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. acquired a new stake in Kite Realty Group Trust during the first quarter worth approximately $154,000. 94.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kite Realty Group Trust (NYSE:KRG) traded down 1.24% during midday trading on Thursday, hitting $20.75. The stock had a trading volume of 130,385 shares. The firm has a 50 day moving average price of $19.52 and a 200-day moving average price of $20.65. The stock has a market cap of $1.73 billion, a PE ratio of 148.21 and a beta of 0.57. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $29.62.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, July 6th were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $1.21 annualized dividend and a dividend yield of 5.76%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 864.29%.

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A number of equities research analysts have commented on the company. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC decreased their price target on Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Finally, BidaskClub raised Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Buy” and a consensus target price of $26.86.

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., 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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