Chartwell Investment Partners LLC trimmed its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 414,241 shares of the real estate investment trust’s stock after selling 11,115 shares during the period. Chartwell Investment Partners LLC owned approximately 0.50% of Kite Realty Group Trust worth $8,388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings 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 acquiring an additional 202,026 shares during the last quarter. IndexIQ Advisors LLC raised its position in shares of Kite Realty Group Trust by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 100,825 shares of the real estate investment trust’s stock valued at $1,909,000 after buying an additional 10,589 shares in the last quarter. AXA raised its position in shares of Kite Realty Group Trust by 205.3% during the 2nd quarter. AXA now owns 224,410 shares of the real estate investment trust’s stock valued at $4,249,000 after buying an additional 150,900 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Kite Realty Group Trust by 105.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 81,000 shares of the real estate investment trust’s stock valued at $1,533,000 after buying an additional 41,600 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Kite Realty Group Trust by 20.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,539,805 shares of the real estate investment trust’s stock valued at $29,149,000 after buying an additional 266,113 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

In related news, CAO Thomas R. Olinger sold 3,157 shares of Kite Realty Group Trust stock in a transaction on Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.87% of the company’s stock.

Shares of Kite Realty Group Trust (NYSE:KRG) traded up $0.16 on Wednesday, hitting $19.27. 883,500 shares of the stock were exchanged, compared to its average volume of 738,949. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $1,597.48, a P/E ratio of 9.37, a PEG ratio of 2.00 and a beta of 0.62. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $25.01.

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

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KRG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Finally, Capital One Financial Corporation restated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target 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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