Victory Capital Management Inc. Acquires 195,919 Shares of Kite Realty Group Trust (KRG)

Victory Capital Management Inc. raised its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,815,930 shares of the real estate investment trust’s stock after buying an additional 195,919 shares during the period. Victory Capital Management Inc. owned about 2.17% of Kite Realty Group Trust worth $27,657,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. lifted its position in Kite Realty Group Trust by 11.8% during the fourth quarter. BlackRock Inc. now owns 13,795,975 shares of the real estate investment trust’s stock valued at $270,402,000 after buying an additional 1,455,741 shares in the last quarter. Macquarie Group Ltd. lifted its position in Kite Realty Group Trust by 9.3% during the fourth quarter. Macquarie Group Ltd. now owns 2,560,852 shares of the real estate investment trust’s stock valued at $50,376,000 after buying an additional 217,020 shares in the last quarter. American Century Companies Inc. lifted its position in Kite Realty Group Trust by 4.6% during the first quarter. American Century Companies Inc. now owns 1,791,902 shares of the real estate investment trust’s stock valued at $27,291,000 after buying an additional 78,769 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Kite Realty Group Trust by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,377,682 shares of the real estate investment trust’s stock valued at $27,001,000 after buying an additional 77,821 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Kite Realty Group Trust by 10.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,343,986 shares of the real estate investment trust’s stock valued at $26,343,000 after buying an additional 125,549 shares in the last quarter. 97.17% of the stock is currently owned by hedge funds and other institutional investors.

NYSE KRG opened at $14.52 on Thursday. Kite Realty Group Trust has a 52 week low of $14.49 and a 52 week high of $14.76. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $1.21 billion, a PE ratio of 7.10, a PEG ratio of 1.69 and a beta of 0.47.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Kite Realty Group Trust had a negative net margin of 1.69% and a negative return on equity of 0.38%. The business had revenue of $89.76 million for the quarter, compared to analysts’ expectations of $88.38 million. During the same period in the previous year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. equities research analysts anticipate that Kite Realty Group Trust will post 2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, July 6th will be paid a $0.317 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.73%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 62.25%.

A number of research analysts have weighed in on KRG shares. Bank of America cut shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Barclays reissued a “buy” rating and set a $20.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, March 8th. DA Davidson cut shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Monday, February 5th. Sandler O’Neill set a $16.00 target price on shares of Kite Realty Group Trust and gave the stock a “hold” rating in a research report on Tuesday, March 20th. Finally, Capital One raised shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.57.

Kite Realty Group Trust Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.

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

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