Kite Realty Group Trust (KRG) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,913 shares of the real estate investment trust’s stock after selling 2,538 shares during the quarter. Strs Ohio owned 0.15% of Kite Realty Group Trust worth $2,590,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its holdings in shares of Kite Realty Group Trust by 45.9% in the first quarter. OppenheimerFunds Inc. now owns 13,871 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 4,366 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 17.7% in the first quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock valued at $3,478,000 after acquiring an additional 24,319 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Kite Realty Group Trust by 20.5% in the first quarter. TIAA CREF Investment Management LLC now owns 290,396 shares of the real estate investment trust’s stock valued at $6,244,000 after acquiring an additional 49,390 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Kite Realty Group Trust by 2.4% in the first quarter. California Public Employees Retirement System now owns 188,292 shares of the real estate investment trust’s stock valued at $4,048,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Kite Realty Group Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock valued at $293,034,000 after acquiring an additional 346,198 shares in the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $88.16 million. During the same period last year, the business posted $0.52 EPS. Kite Realty Group Trust’s revenue for the quarter was down 2.2% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, October 6th were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 806.67%.

Several analysts recently weighed in on KRG shares. Zacks Investment Research downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. BidaskClub upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Capital One Financial Corporation restated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Finally, ValuEngine downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s 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 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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