Sigma Planning Corp cut its position in Kite Realty Group Trust (NYSE:KRG) by 37.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,704 shares of the real estate investment trust’s stock after selling 9,418 shares during the period. Sigma Planning Corp’s holdings in Kite Realty Group Trust were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Kite Realty Group Trust by 9,657.3% in the first quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock worth $265,241,000 after buying an additional 12,210,338 shares during the last quarter. Principal Financial Group Inc. boosted its position in Kite Realty Group Trust by 415.9% in the first quarter. Principal Financial Group Inc. now owns 3,411,740 shares of the real estate investment trust’s stock worth $73,352,000 after buying an additional 2,750,414 shares during the last quarter. Cambiar Investors LLC acquired a new position in Kite Realty Group Trust during the second quarter worth $13,282,000. Forward Management LLC boosted its position in Kite Realty Group Trust by 127.7% in the first quarter. Forward Management LLC now owns 1,172,348 shares of the real estate investment trust’s stock worth $25,205,000 after buying an additional 657,400 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Kite Realty Group Trust by 39.4% in the first quarter. Macquarie Group Ltd. now owns 1,395,128 shares of the real estate investment trust’s stock worth $29,995,000 after buying an additional 394,143 shares during the last quarter. 94.19% of the stock is owned by institutional investors.

Shares of Kite Realty Group Trust (KRG) opened at 20.35 on Thursday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 145.36 and a beta of 0.57. The firm’s 50-day moving average price is $19.81 and its 200 day moving average price is $20.53. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $29.62.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data 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. 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 the consensus estimate of $88.42 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, October 6th will be given a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.21 annualized dividend and a dividend yield of 5.95%. Kite Realty Group Trust’s dividend payout ratio is currently 864.29%.

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KRG has been the subject of a number of analyst reports. BidaskClub raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Barclays PLC reduced their price target on Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, April 19th. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four investment 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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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