Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC boosted its position in Kite Realty Group Trust (NYSE:KRG) by 4.6% in the 2nd quarter, Holdings Channel reports. The fund owned 351,923 shares of the real estate investment trust’s stock after purchasing an additional 15,327 shares during the period. Chartwell Investment Partners LLC’s holdings in Kite Realty Group Trust were worth $4,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KRG. Geode Capital Management LLC grew its holdings in Kite Realty Group Trust by 1.7% in the first quarter. Geode Capital Management LLC now owns 1,562,813 shares of the real estate investment trust’s stock valued at $14,799,000 after purchasing an additional 25,941 shares during the period. APG Asset Management N.V. increased its holdings in shares of Kite Realty Group Trust by 604.7% during the 1st quarter. APG Asset Management N.V. now owns 215,629 shares of the real estate investment trust’s stock worth $2,042,000 after buying an additional 185,029 shares during the last quarter. Legal & General Group Plc raised its position in shares of Kite Realty Group Trust by 1.5% in the 1st quarter. Legal & General Group Plc now owns 647,595 shares of the real estate investment trust’s stock worth $6,133,000 after buying an additional 9,391 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Kite Realty Group Trust by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,252 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 13,782 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Kite Realty Group Trust by 91.1% in the first quarter. Wells Fargo & Company MN now owns 313,793 shares of the real estate investment trust’s stock valued at $2,971,000 after acquiring an additional 149,608 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.

Several equities analysts have recently weighed in on the company. TheStreet lowered Kite Realty Group Trust from a “c-” rating to a “d” rating in a research note on Thursday, May 7th. Robert W. Baird reduced their price target on shares of Kite Realty Group Trust from $19.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Compass Point downgraded shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, April 16th. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 21st. Finally, Piper Sandler increased their price target on Kite Realty Group Trust from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.71.

KRG opened at $9.87 on Friday. Kite Realty Group Trust has a twelve month low of $6.87 and a twelve month high of $19.77. The firm has a market cap of $830.24 million, a price-to-earnings ratio of -123.38, a PEG ratio of 5.95 and a beta of 1.24. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $12.40.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.39). Kite Realty Group Trust had a negative return on equity of 0.48% and a negative net margin of 2.09%. The business had revenue of $69.91 million for the quarter, compared to analysts’ expectations of $70.80 million. On average, analysts forecast that Kite Realty Group Trust will post 1.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.052 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.21 annualized dividend and a yield of 2.11%. Kite Realty Group Trust’s dividend payout ratio is presently 12.65%.

About Kite Realty Group Trust

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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