Kite Realty Group Trust (NYSE:KRG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in Kite Realty Group Trust (NYSE:KRG) by 18.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,684 shares of the real estate investment trust’s stock after selling 27,966 shares during the period. Russell Investments Group Ltd. owned 0.15% of Kite Realty Group Trust worth $2,545,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KRG. Aperio Group LLC grew its stake in shares of Kite Realty Group Trust by 19.1% during the second quarter. Aperio Group LLC now owns 26,573 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 4,264 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Kite Realty Group Trust by 3.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,720 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 700 shares during the last quarter. Sei Investments Co. grew its stake in shares of Kite Realty Group Trust by 12.2% in the second quarter. Sei Investments Co. now owns 99,512 shares of the real estate investment trust’s stock worth $1,884,000 after purchasing an additional 10,855 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Kite Realty Group Trust by 14.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 781,972 shares of the real estate investment trust’s stock worth $14,803,000 after purchasing an additional 96,400 shares during the last quarter. Finally, First Mercantile Trust Co. grew its stake in shares of 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 worth $128,000 after purchasing an additional 850 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

Several analysts recently issued reports on the company. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $23.00 price objective (down from $25.00) on shares of Kite Realty Group Trust in a research report on Wednesday, December 20th. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 8th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Kite Realty Group Trust has a consensus rating of “Hold” and a consensus price target of $23.80.

In related news, COO Thomas K. Mcgowan sold 5,000 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the completion of the transaction, the chief operating officer now owns 86,751 shares of the company’s stock, valued at approximately $1,667,354.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas R. Olinger sold 3,157 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $19.01, for a total transaction of $60,014.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,157 shares of company stock valued at $497,645. Insiders own 1.87% of the company’s stock.

Shares of Kite Realty Group Trust (NYSE KRG) traded down $0.27 during midday trading on Friday, reaching $17.90. 552,251 shares of the company were exchanged, compared to its average volume of 706,079. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $24.38. The stock has a market cap of $1,500.00, a price-to-earnings ratio of 119.33, a P/E/G ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.84 and a current ratio of 0.84.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The business had revenue of $87.10 million during the quarter, compared to the consensus estimate of $88.16 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. equities research analysts predict that Kite Realty Group Trust will post 2.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, January 5th will be given a dividend of $0.3175 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.09%. Kite Realty Group Trust’s payout ratio is presently 846.67%.

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Kite Realty Group Trust 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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