Private Advisor Group LLC cut its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,733 shares of the real estate investment trust’s stock after selling 153 shares during the period. Private Advisor Group LLC’s holdings in Kite Realty Group Trust were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KRG. BlackRock Inc. lifted its position in Kite Realty Group Trust by 9,657.3% during the first quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock worth $265,241,000 after acquiring an additional 12,210,338 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kite Realty Group Trust by 415.9% during 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 purchasing an additional 2,750,414 shares during the period. Cambiar Investors LLC bought a new position in shares of Kite Realty Group Trust during the second quarter worth approximately $13,282,000. Macquarie Group Ltd. increased its holdings in shares of Kite Realty Group Trust by 39.4% during 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 purchasing an additional 394,143 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Kite Realty Group Trust by 2.6% during the first quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock worth $293,034,000 after purchasing an additional 346,198 shares during the period. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Kite Realty Group Trust (KRG) opened at 19.66 on Friday. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $28.95. The company has a 50-day moving average of $20.41 and a 200-day moving average of $20.00. The company has a market capitalization of $1.64 billion, a PE ratio of 140.43 and a beta of 0.57.

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 Thomson Reuters’ 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 analysts’ expectations of $88.42 million. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Kite Realty Group Trust will post ($0.05) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 6th will be paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 6.08%. The ex-dividend date is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is presently 864.29%.

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Several brokerages have recently commented on KRG. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kite Realty Group Trust currently has an average rating of “Buy” and a consensus target price of $25.33.

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.

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

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