Dimensional Fund Advisors LP increased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,216,947 shares of the real estate investment trust’s stock after acquiring an additional 56,344 shares during the quarter. Dimensional Fund Advisors LP owned about 1.46% of Kite Realty Group Trust worth $23,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its holdings in Kite Realty Group Trust by 42.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 239,150 shares of the real estate investment trust’s stock valued at $4,527,000 after purchasing an additional 70,991 shares during the last quarter. Timbercreek Asset Management Ltd. acquired a new position in Kite Realty Group Trust in the 2nd quarter valued at about $6,527,000. Sorin Capital Management LLC acquired a new position in Kite Realty Group Trust in the 2nd quarter valued at about $16,845,000. California Public Employees Retirement System raised its stake in shares of Kite Realty Group Trust by 11.3% in the 2nd quarter. California Public Employees Retirement System now owns 209,492 shares of the real estate investment trust’s stock valued at $3,966,000 after acquiring an additional 21,200 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Kite Realty Group Trust by 4.4% in the 2nd quarter. Northern Trust Corp now owns 1,767,415 shares of the real estate investment trust’s stock valued at $33,456,000 after acquiring an additional 75,025 shares during the period. Hedge funds and other institutional investors own 95.68% of the company’s stock.

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Kite Realty Group Trust (NYSE KRG) opened at $18.60 on Tuesday. Kite Realty Group Trust has a twelve month low of $17.60 and a twelve month high of $25.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.90. The stock has a market cap of $1,551.51, a price-to-earnings ratio of 9.10, a PEG ratio of 1.96 and a beta of 0.62.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $88.16 million. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. sell-side analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, October 6th were paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is currently 806.67%.

A number of equities research analysts have recently issued reports on KRG shares. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. Finally, ValuEngine downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently 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.

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

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