Kite Realty Group Trust (KRG) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,088 shares of the real estate investment trust’s stock after selling 3,012 shares during the period. Royce & Associates LP owned about 0.11% of Kite Realty Group Trust worth $1,312,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KRG. BlackRock Inc. raised its holdings in shares of Kite Realty Group Trust by 3.8% during the fourth quarter. BlackRock Inc. now owns 14,570,902 shares of the real estate investment trust’s stock worth $205,305,000 after purchasing an additional 527,076 shares during the period. Vanguard Group Inc. grew its position in shares of Kite Realty Group Trust by 3.2% during the third quarter. Vanguard Group Inc. now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after acquiring an additional 408,882 shares during the last quarter. Vanguard Group Inc grew its position in shares of Kite Realty Group Trust by 3.2% during the third quarter. Vanguard Group Inc now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after acquiring an additional 408,882 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Kite Realty Group Trust by 26.3% during the third quarter. Macquarie Group Ltd. now owns 3,784,954 shares of the real estate investment trust’s stock worth $63,019,000 after acquiring an additional 788,808 shares during the last quarter. Finally, Investment Counselors of Maryland LLC grew its position in shares of Kite Realty Group Trust by 2.0% during the fourth quarter. Investment Counselors of Maryland LLC now owns 1,675,870 shares of the real estate investment trust’s stock worth $23,613,000 after acquiring an additional 32,171 shares during the last quarter. 92.05% of the stock is owned by institutional investors.

Several equities analysts have recently commented on KRG shares. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Bank of America lowered shares of Kite Realty Group Trust from a “neutral” rating to an “underperform” rating in a research report on Monday, March 4th. TheStreet upgraded shares of Kite Realty Group Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, February 19th. ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Finally, Barclays lowered shares of Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $15.00 to $16.00 in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.13.



Shares of KRG opened at $15.77 on Friday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.79 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Kite Realty Group Trust has a 52-week low of $13.66 and a 52-week high of $17.75.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $86.90 million during the quarter, compared to analyst estimates of $85.31 million. Kite Realty Group Trust had a negative net margin of 13.15% and a negative return on equity of 3.15%. Kite Realty Group Trust’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Equities research analysts expect that Kite Realty Group Trust will post 1.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 22nd will be given a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.27 dividend on an annualized basis and a yield of 8.05%. Kite Realty Group Trust’s dividend payout ratio is presently 63.50%.

In related news, CFO R Fear Heath bought 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was purchased at an average price of $15.79 per share, for a total transaction of $118,425.00. Following the transaction, the chief financial officer now directly owns 78,883 shares of the company’s stock, valued at approximately $1,245,562.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.93% of the company’s stock.

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Kite Realty Group Trust Profile

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 tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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

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