Teachers Advisors LLC Acquires 48,116 Shares of Kite Realty Group Trust (KRG)

Teachers Advisors LLC grew its holdings in Kite Realty Group Trust (NYSE:KRG) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196,401 shares of the real estate investment trust’s stock after purchasing an additional 48,116 shares during the quarter. Teachers Advisors LLC’s holdings in Kite Realty Group Trust were worth $3,849,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KRG. Zions Bancorporation bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at about $111,000. Schroder Investment Management Group bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at about $223,000. Cetera Advisors LLC bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at about $223,000. Nisa Investment Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 80.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Kite Realty Group Trust by 124.6% in the 4th quarter. Meeder Asset Management Inc. now owns 16,007 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 8,881 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

Several research analysts recently commented on the stock. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Raymond James Financial reiterated an “outperform” rating and set a $23.00 price objective (down previously from $25.00) on shares of Kite Realty Group Trust in a research note on Wednesday, December 20th. Barclays reduced their price objective on shares of Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Bank of America lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. Finally, Capital One Financial upgraded shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.86.



In related news, Director Charles H. Wurtzebach bought 6,600 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $14.65 per share, with a total value of $96,690.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William E. Bindley bought 100,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $15.06 per share, for a total transaction of $1,506,000.00. Following the transaction, the director now owns 85,014 shares in the company, valued at approximately $1,280,310.84. The disclosure for this purchase can be found here. 1.93% of the stock is currently owned by insiders.

NYSE KRG opened at $15.25 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $1,271.55, a P/E ratio of 7.48, a PEG ratio of 1.79 and a beta of 0.47. Kite Realty Group Trust has a 52 week low of $13.90 and a 52 week high of $22.34.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $89.14 million. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. Kite Realty Group Trust’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. research analysts forecast that Kite Realty Group Trust will post 2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, April 6th will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 8.33%. The ex-dividend date is Thursday, April 5th. Kite Realty Group Trust’s dividend payout ratio is presently 62.25%.

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Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.

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

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