Nationwide Fund Advisors lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 17.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,319 shares of the real estate investment trust’s stock after purchasing an additional 28,204 shares during the quarter. Nationwide Fund Advisors owned about 0.23% of Kite Realty Group Trust worth $3,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sii Investments Inc. WI raised its stake in shares of Kite Realty Group Trust by 4.7% during the first quarter. Sii Investments Inc. WI now owns 9,565 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 426 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Kite Realty Group Trust by 1.2% during the first quarter. Arizona State Retirement System now owns 43,507 shares of the real estate investment trust’s stock valued at $935,000 after purchasing an additional 500 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Kite Realty Group Trust by 0.9% during the second quarter. Texas Permanent School Fund now owns 61,017 shares of the real estate investment trust’s stock valued at $1,155,000 after purchasing an additional 529 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Kite Realty Group Trust by 11.5% during the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 557 shares in the last quarter. Finally, Kissinger Financial Services LLC raised its stake in shares of Kite Realty Group Trust by 1.2% during the second quarter. Kissinger Financial Services LLC now owns 55,541 shares of the real estate investment trust’s stock valued at $1,052,000 after purchasing an additional 655 shares in the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.

KRG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, July 21st. Robert W. Baird restated a “buy” rating and set a $23.00 price objective on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. BidaskClub upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Friday. Finally, KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Kite Realty Group Trust presently has an average rating of “Buy” and a consensus target price of $25.33.

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Shares of Kite Realty Group Trust (NYSE KRG) opened at 20.11 on Tuesday. The company’s 50 day moving average is $20.24 and its 200-day moving average is $19.91. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $26.68. The company has a market capitalization of $1.68 billion, a PE ratio of 143.64 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, analysts expect that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 864.29%.

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.

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

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