Ameriprise Financial Inc. increased its stake in Kite Realty Group Trust (NYSE:KRG) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,019 shares of the real estate investment trust’s stock after purchasing an additional 93,343 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.83% of Kite Realty Group Trust worth $13,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Kite Realty Group Trust by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock worth $293,034,000 after purchasing an additional 346,198 shares in the last quarter. BlackRock Inc. increased its stake in Kite Realty Group Trust by 9,657.3% in the 1st quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock worth $265,241,000 after purchasing an additional 12,210,338 shares in the last quarter. State Street Corp increased its stake in Kite Realty Group Trust by 4.5% in the 1st quarter. State Street Corp now owns 3,290,453 shares of the real estate investment trust’s stock worth $70,744,000 after purchasing an additional 140,955 shares in the last quarter. American Century Companies Inc. increased its stake in Kite Realty Group Trust by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 1,682,154 shares of the real estate investment trust’s stock worth $31,843,000 after purchasing an additional 202,026 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Kite Realty Group Trust by 20.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,539,805 shares of the real estate investment trust’s stock worth $29,149,000 after purchasing an additional 266,113 shares in the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

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Kite Realty Group Trust (NYSE:KRG) opened at 19.98 on Friday. The stock has a market cap of $1.67 billion, a PE ratio of 142.71 and a beta of 0.57. The firm’s 50-day moving average price is $20.23 and its 200 day moving average price is $19.93. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $26.68.

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

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

A number of equities analysts recently weighed in on KRG shares. BidaskClub raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, July 21st. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.33.

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., 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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