Vanguard Group Inc. lessened its position in shares of Kite Realty Group Trust (NYSE:KRG) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,395,864 shares of the real estate investment trust’s stock after selling 233,609 shares during the quarter. Vanguard Group Inc. owned about 16.02% of Kite Realty Group Trust worth $253,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Kite Realty Group Trust by 11.5% during the 2nd quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 557 shares during the period. Riverhead Capital Management LLC raised its position in shares of Kite Realty Group Trust by 64.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 2,627 shares during the period. First Mercantile Trust Co. raised its position in shares of Kite Realty Group Trust by 14.4% during the 2nd quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 850 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Kite Realty Group Trust by 17.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,525 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 1,100 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Kite Realty Group Trust during the 1st quarter valued at approximately $154,000. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $88.42 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 6th will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is presently 864.29%.

KRG has been the topic of several analyst reports. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. BidaskClub upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Friday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Buy” and a consensus target price of $25.33.

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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.

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

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