Peregrine Capital Management LLC increased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 405,111 shares of the real estate investment trust’s stock after buying an additional 8,224 shares during the quarter. Peregrine Capital Management LLC owned 0.48% of Kite Realty Group Trust worth $8,203,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC raised its stake in 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 worth $102,000 after buying an additional 557 shares during the period. Riverhead Capital Management LLC increased its holdings in 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 worth $127,000 after purchasing an additional 2,627 shares in the last quarter. First Mercantile Trust Co. increased its holdings in 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 worth $128,000 after purchasing an additional 850 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Kite Realty Group Trust by 58.1% during the 2nd quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in 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 worth $142,000 after purchasing an additional 1,100 shares in the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The firm had revenue of $87.10 million for the quarter, compared to analyst estimates of $88.16 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, October 6th were given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 6.34%. The ex-dividend date was Thursday, October 5th. Kite Realty Group Trust’s payout ratio is presently 806.67%.

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A number of equities analysts have issued reports on the company. ValuEngine upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Zacks Investment Research cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $25.33.

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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