Kite Realty Group Trust (NYSE:KRG) Stake Boosted by Presima Inc.

Presima Inc. boosted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 26.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,475 shares of the real estate investment trust’s stock after buying an additional 225,800 shares during the period. Kite Realty Group Trust makes up 2.8% of Presima Inc.’s holdings, making the stock its 15th largest position. Presima Inc. owned 1.28% of Kite Realty Group Trust worth $20,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KRG. First National Trust Co. increased its stake in shares of Kite Realty Group Trust by 1.7% in the first quarter. First National Trust Co. now owns 13,753 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 231 shares during the period. HighPoint Advisor Group LLC boosted its position in Kite Realty Group Trust by 2.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 13,528 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 292 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Kite Realty Group Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 400 shares in the last quarter. Sii Investments Inc. WI boosted its position in Kite Realty Group Trust by 4.7% in the first quarter. Sii Investments Inc. WI now owns 9,565 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 426 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Kite Realty Group Trust by 1.2% in the first quarter. Arizona State Retirement System now owns 43,507 shares of the real estate investment trust’s stock worth $935,000 after buying an additional 500 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust (NYSE KRG) opened at 19.94 on Friday. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $29.62. The company’s 50 day moving average is $19.86 and its 200-day moving average is $20.50. The stock has a market cap of $1.67 billion, a PE ratio of 142.43 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The firm had revenue of $92.65 million during the quarter, compared to the consensus estimate of $88.42 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Kite Realty Group Trust’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts forecast that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 6th will be given a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.21 dividend on an annualized basis and a yield of 6.07%. Kite Realty Group Trust’s payout ratio is currently 864.29%.

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KRG has been the topic of a number of recent research reports. BidaskClub raised Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.86.

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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