Dupont Capital Management Corp purchased a new stake in shares of Kite Realty Group Trust (NYSE:KRG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,061 shares of the real estate investment trust’s stock, valued at approximately $247,000.

Several other institutional investors have also recently modified their holdings of the stock. Glen Harbor Capital Management LLC raised its position in shares of Kite Realty Group Trust by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 4,648 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 728 shares during the period. Independent Portfolio Consultants Inc. raised its position in shares of Kite Realty Group Trust by 25.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,078 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,039 shares during the period. Elkfork Partners LLC raised its position in shares of Kite Realty Group Trust by 18.6% in the first quarter. Elkfork Partners LLC now owns 5,644 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 884 shares during the period. First Mercantile Trust Co. raised its position in shares of Kite Realty Group Trust by 14.4% in the second quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 850 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Kite Realty Group Trust by 30.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,425 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 1,500 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust (NYSE KRG) opened at 19.97 on Wednesday. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $29.62. The firm has a 50-day moving average price of $20.02 and a 200 day moving average price of $20.37. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 142.64 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The firm had revenue of $92.65 million for the quarter, compared to analysts’ expectations of $88.42 million. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts predict that Kite Realty Group Trust will post ($0.05) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.3025 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 6.06%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 864.29%.

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Several equities analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Finally, BidaskClub raised Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.33.

About Kite Realty Group Trust

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

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

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