Russell Investments Group Ltd. Lowers Position in Kite Realty Group Trust (KRG)

Russell Investments Group Ltd. trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 approximately 0.15% of Kite Realty Group Trust worth $2,545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Aperio Group LLC grew its stake in shares of Kite Realty Group Trust by 19.1% in the 2nd quarter. Aperio Group LLC now owns 26,573 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 4,264 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Kite Realty Group Trust by 3.7% in the 2nd 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 purchasing an additional 700 shares during the period. Sei Investments Co. grew its stake in shares of Kite Realty Group Trust by 12.2% in the 2nd quarter. Sei Investments Co. now owns 99,512 shares of the real estate investment trust’s stock valued at $1,884,000 after purchasing an additional 10,855 shares during the period. Schwab Charles Investment Management Inc. grew its position in Kite Realty Group Trust by 14.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 781,972 shares of the real estate investment trust’s stock worth $14,803,000 after acquiring an additional 96,400 shares during the last quarter. Finally, First Mercantile Trust Co. grew its position in Kite Realty Group Trust by 14.4% during the 2nd quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

In other Kite Realty Group Trust news, CEO John A. Kite sold 17,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $20.09, for a total transaction of $341,530.00. Following the transaction, the chief executive officer now owns 52,712 shares of the company’s stock, valued at approximately $1,058,984.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 value of $60,014.57. The disclosure for this sale can be found here. 1.87% of the stock is currently owned by corporate insiders.

Kite Realty Group Trust (KRG) opened at $19.09 on Thursday. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $24.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1,629.25, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.62.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the 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 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 prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. equities analysts expect that Kite Realty Group Trust will post 2.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be issued 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 annualized dividend and a yield of 6.65%. Kite Realty Group Trust’s dividend payout ratio is currently 806.67%.

A number of equities research analysts recently commented on KRG shares. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Robert W. Baird restated a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Finally, Capital One Financial restated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.80.

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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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