Principal Financial Group Inc. cut its stake in Kite Realty Group Trust (NYSE:KRG) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,135,037 shares of the real estate investment trust’s stock after selling 216,428 shares during the period. Principal Financial Group Inc. owned about 3.75% of Kite Realty Group Trust worth $63,484,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in Kite Realty Group Trust by 11.5% in 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 during the period. Riverhead Capital Management LLC boosted its holdings in Kite Realty Group Trust by 64.1% in the second quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 2,627 shares during the period. First Mercantile Trust Co. boosted its holdings in Kite Realty Group Trust by 14.4% in the second quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 850 shares during the period. Perigon Wealth Management LLC boosted its holdings in Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,500 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Kite Realty Group Trust by 17.1% in the second quarter. Daiwa Securities Group Inc. now owns 7,525 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Shares of Kite Realty Group Trust (NYSE KRG) opened at $19.07 on Tuesday. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $25.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1,616.71, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 2.04 and a beta of 0.62.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. 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 firm earned $0.52 earnings per share. Kite Realty Group Trust’s quarterly revenue was down 2.2% on a year-over-year basis. equities research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.

KRG has been the subject of a number of recent research reports. ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird restated 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.33.

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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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