PineBridge Investments L.P. boosted its position in shares of Kite Realty Group Trust (NYSE:KRG) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,572 shares of the company’s stock after buying an additional 381 shares during the period. PineBridge Investments L.P.’s holdings in Kite Realty Group Trust were worth $297,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Fund Advisors raised its position in Kite Realty Group Trust by 1.0% in the first quarter. BlackRock Fund Advisors now owns 5,716,963 shares of the company’s stock worth $158,417,000 after buying an additional 57,883 shares in the last quarter. BlackRock Group LTD raised its position in Kite Realty Group Trust by 1.6% in the first quarter. BlackRock Group LTD now owns 603,770 shares of the company’s stock worth $16,730,000 after buying an additional 9,784 shares in the last quarter. BlackRock Inc. raised its position in Kite Realty Group Trust by 10.2% in the first quarter. BlackRock Inc. now owns 79,494 shares of the company’s stock worth $2,203,000 after buying an additional 7,357 shares in the last quarter. Prudential Financial Inc. raised its position in Kite Realty Group Trust by 3.1% in the first quarter. Prudential Financial Inc. now owns 200,401 shares of the company’s stock worth $5,553,000 after buying an additional 6,100 shares in the last quarter. Finally, Manchester Capital Management LLC bought a new position in Kite Realty Group Trust during the first quarter worth $117,000. 91.15% of the stock is owned by hedge funds and other institutional investors.

Shares of Kite Realty Group Trust (NYSE:KRG) opened at 27.64 on Thursday. Kite Realty Group Trust has a one year low of $23.23 and a one year high of $30.45. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 552.80 and a beta of 0.91. The company’s 50-day moving average price is $28.67 and its 200-day moving average price is $27.95.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, July 28th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.88%. The firm had revenue of $87.58 million for the quarter, compared to the consensus estimate of $87.30 million. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts predict that Kite Realty Group Trust will post $2.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, October 6th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.16%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 1,916.99%.

A number of research firms have recently weighed in on KRG. Zacks Investment Research lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Hilliard Lyons lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a report on Monday, August 1st. Barclays PLC began coverage on Kite Realty Group Trust in a report on Friday, July 22nd. They issued an “overweight” rating and a $33.00 target price on the stock. Finally, BTIG Research began coverage on Kite Realty Group Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $35.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $32.00.

In related news, CEO John A. Kite sold 33,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $30.09, for a total value of $992,970.00. Following the sale, the chief executive officer now owns 122,001 shares in the company, valued at approximately $3,671,010.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas R. Olinger sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $30.22, for a total value of $166,210.00. Following the completion of the sale, the chief accounting officer now owns 11,540 shares in the company, valued at approximately $348,738.80. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States.

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