Kite Realty Group Trust (KRG) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in Kite Realty Group Trust (NYSE:KRG) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,288 shares of the real estate investment trust’s stock after acquiring an additional 61 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Kite Realty Group Trust worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Kite Realty Group Trust during the 2nd quarter valued at $342,000. Kemper Corp Master Retirement Trust increased its stake in Kite Realty Group Trust by 46.0% during the 2nd quarter. Kemper Corp Master Retirement Trust now owns 10,075 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 3,175 shares in the last quarter. State Street Corp increased its stake in Kite Realty Group Trust by 1.7% during the 2nd quarter. State Street Corp now owns 3,348,017 shares of the real estate investment trust’s stock valued at $63,381,000 after purchasing an additional 57,564 shares in the last quarter. Macquarie Group Ltd. increased its stake in Kite Realty Group Trust by 51.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,113,325 shares of the real estate investment trust’s stock valued at $40,006,000 after purchasing an additional 718,197 shares in the last quarter. Finally, Prudential PLC bought a new stake in Kite Realty Group Trust during the 2nd quarter valued at about $7,824,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. 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 lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.33.

Kite Realty Group Trust (KRG) opened at $18.56 on Friday. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $25.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.90. The company has a market cap of $1,551.50, a price-to-earnings ratio of 9.10, a PEG ratio of 1.96 and a beta of 0.62.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The firm had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. research analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, October 6th were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 6.52%. The ex-dividend date was Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 806.67%.

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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.

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

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