Strs Ohio reduced its position in Kite Realty Group Trust (NYSE:KRG) by 12.4% during the second quarter, Holdings Channel reports. The institutional investor owned 130,451 shares of the real estate investment trust’s stock after selling 18,488 shares during the period. Strs Ohio’s holdings in Kite Realty Group Trust were worth $2,469,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Glen Harbor Capital Management LLC raised its stake in shares of 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 during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of 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 during the last quarter. Elkfork Partners LLC raised its stake in shares of 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 during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of 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 during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Kite Realty Group Trust during the first quarter worth approximately $154,000. Hedge funds and other institutional investors own 94.34% of the company’s stock.

Shares of Kite Realty Group Trust (NYSE KRG) opened at 21.01 on Thursday. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $29.62. The stock’s 50 day moving average price is $19.52 and its 200 day moving average price is $20.65. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 150.07 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The firm had revenue of $92.65 million during the quarter, compared to analysts’ expectations of $88.42 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts expect 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 was Monday, July 3rd. This represents a $1.21 annualized dividend and a yield of 5.76%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 864.29%.

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A number of brokerages have commented on KRG. Barclays PLC decreased their price objective on Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Zacks Investment Research lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company 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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