BB&T Securities LLC grew its position in shares of Kite Realty Group Trust (NYSE:KRG) by 36.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,781 shares of the real estate investment trust’s stock after buying an additional 3,927 shares during the period. BB&T Securities LLC’s holdings in Kite Realty Group Trust were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KRG. Wells Fargo & Company MN increased its position in Kite Realty Group Trust by 4.6% during the 1st quarter. Wells Fargo & Company MN now owns 151,418 shares of the real estate investment trust’s stock worth $2,306,000 after buying an additional 6,707 shares during the period. SG Americas Securities LLC increased its position in shares of Kite Realty Group Trust by 78.3% in the first quarter. SG Americas Securities LLC now owns 11,693 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 5,135 shares during the period. Prudential Financial Inc. increased its position in shares of Kite Realty Group Trust by 88.4% in the first quarter. Prudential Financial Inc. now owns 467,021 shares of the real estate investment trust’s stock worth $7,112,000 after purchasing an additional 219,100 shares during the period. Swiss National Bank increased its position in shares of Kite Realty Group Trust by 3.3% in the first quarter. Swiss National Bank now owns 145,600 shares of the real estate investment trust’s stock worth $2,217,000 after purchasing an additional 4,700 shares during the period. Finally, Aperio Group LLC increased its position in shares of Kite Realty Group Trust by 28.8% in the first quarter. Aperio Group LLC now owns 39,338 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 8,803 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

A number of research analysts recently commented on KRG shares. ValuEngine upgraded Kite Realty Group Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, Citigroup raised their price target on Kite Realty Group Trust from $16.50 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.17.

Shares of NYSE KRG opened at $16.43 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.04. Kite Realty Group Trust has a 52 week low of $13.87 and a 52 week high of $20.71. The firm has a market capitalization of $1.40 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.94 and a beta of 0.58.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The company had revenue of $91.70 million for the quarter, compared to analysts’ expectations of $88.08 million. Kite Realty Group Trust had a negative return on equity of 1.14% and a negative net margin of 4.92%. Kite Realty Group Trust’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. equities analysts anticipate that Kite Realty Group Trust will post 2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, October 5th will be paid a $0.3175 dividend. The ex-dividend date is Thursday, October 4th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a yield of 7.73%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 62.25%.

In related news, CEO John A. Kite sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $17.42, for a total value of $609,700.00. Following the sale, the chief executive officer now directly owns 68,588 shares of the company’s stock, valued at $1,194,802.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.93% of the company’s stock.

Kite Realty Group Trust Profile

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 open-air shopping centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.

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

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