Sheaff Brock Investment Advisors LLC bought a new stake in Kite Realty Group Trust (NYSE:KRG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,606 shares of the real estate investment trust’s stock, valued at approximately $296,000.

Several other hedge funds have also added to or reduced their stakes in KRG. Teachers Advisors LLC grew its holdings in shares of Kite Realty Group Trust by 17.7% in the first quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock valued at $3,478,000 after acquiring an additional 24,319 shares in the last quarter. Aperio Group LLC grew its holdings in Kite Realty Group Trust by 19.1% during the second quarter. Aperio Group LLC now owns 26,573 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 4,264 shares during the period. Russell Investments Group Ltd. grew its holdings in Kite Realty Group Trust by 30.4% during the second quarter. Russell Investments Group Ltd. now owns 153,650 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 35,789 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in Kite Realty Group Trust by 3.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,720 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 700 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in Kite Realty Group Trust by 1.6% during the second quarter. Great West Life Assurance Co. Can now owns 161,599 shares of the real estate investment trust’s stock valued at $3,057,000 after purchasing an additional 2,600 shares during the period. 94.42% of the stock is owned by institutional investors.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.01, for a total transaction of $60,014.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.87% of the company’s stock.

Shares of Kite Realty Group Trust (NYSE KRG) traded down $0.24 during mid-day trading on Wednesday, hitting $19.59. The company had a trading volume of 1,249,800 shares, compared to its average volume of 739,146. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $25.01. The stock has a market capitalization of $1,640.00, a P/E ratio of 9.72, a PEG ratio of 2.08 and a beta of 0.61.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. The company had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. sell-side analysts predict that Kite Realty Group Trust will post 2.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be given a dividend of $0.3175 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a yield of 6.48%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 806.67%.

Several brokerages have weighed in on KRG. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. ValuEngine raised Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price target on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Capital One Financial reaffirmed an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.33.

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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.

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

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