Virginia Retirement Systems ET AL Purchases 92,300 Shares of Kite Realty Group Trust (NYSE:KRG)

Virginia Retirement Systems ET AL lifted its position in Kite Realty Group Trust (NYSE:KRGGet Rating) by 17.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 633,534 shares of the real estate investment trust’s stock after purchasing an additional 92,300 shares during the period. Virginia Retirement Systems ET AL owned about 0.29% of Kite Realty Group Trust worth $14,426,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KRG. Invesco Ltd. boosted its holdings in Kite Realty Group Trust by 3.1% in the third quarter. Invesco Ltd. now owns 317,451 shares of the real estate investment trust’s stock valued at $6,464,000 after acquiring an additional 9,487 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at $1,209,000. Two Sigma Advisers LP boosted its holdings in shares of Kite Realty Group Trust by 28.5% during the 3rd quarter. Two Sigma Advisers LP now owns 76,200 shares of the real estate investment trust’s stock valued at $1,551,000 after buying an additional 16,922 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Kite Realty Group Trust by 11.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 115,431 shares of the real estate investment trust’s stock valued at $2,350,000 after buying an additional 11,911 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Kite Realty Group Trust by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,045,357 shares of the real estate investment trust’s stock valued at $21,283,000 after buying an additional 13,445 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

A number of brokerages have recently commented on KRG. Compass Point dropped their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, June 22nd. Raymond James lifted their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 11th. Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Thursday. Capital One Financial reaffirmed an “overweight” rating on shares of Kite Realty Group Trust in a research report on Wednesday, May 25th. Finally, StockNews.com assumed coverage on Kite Realty Group Trust in a research report on Thursday, March 31st. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Shares of NYSE:KRG opened at $17.67 on Friday. The stock has a 50 day moving average of $20.04 and a 200 day moving average of $21.19. The company has a market cap of $3.87 billion, a PE ratio of -25.99, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.81. Kite Realty Group Trust has a 12-month low of $16.97 and a 12-month high of $23.35.

Kite Realty Group Trust (NYSE:KRGGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.48). Kite Realty Group Trust had a negative net margin of 24.52% and a negative return on equity of 4.77%. During the same period in the prior year, the company earned $0.34 EPS. Equities research analysts predict that Kite Realty Group Trust will post 1.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, July 7th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.75%. Kite Realty Group Trust’s payout ratio is -117.65%.

Kite Realty Group Trust Profile (Get Rating)

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

See Also

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

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