Strs Ohio Sells 18,488 Shares of Kite Realty Group Trust (NYSE:KRG)

Strs Ohio reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,451 shares of the real estate investment trust’s stock after selling 18,488 shares during the period. Strs Ohio owned about 0.16% of Kite Realty Group Trust worth $2,469,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KRG. First National Trust Co. boosted its position 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 valued at $296,000 after buying an additional 231 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of 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 valued at $731,000 after buying an additional 400 shares in the last quarter. Sii Investments Inc. WI boosted its position in shares of 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 valued at $207,000 after buying an additional 426 shares in the last quarter. 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 valued at $935,000 after buying an additional 500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kite Realty Group Trust by 0.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,447 shares of the real estate investment trust’s stock valued at $1,214,000 after buying an additional 520 shares in the last quarter. 94.34% of the stock is currently owned by institutional investors.

Kite Realty Group Trust (NYSE KRG) opened at 21.01 on Thursday. The stock’s 50 day moving average is $19.52 and its 200-day moving average is $20.65. The firm has a market capitalization of $1.76 billion, a PE ratio of 150.07 and a beta of 0.57. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $29.62.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, July 6th were paid a $0.3025 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $1.21 dividend on an annualized basis and a yield of 5.76%. Kite Realty Group Trust’s dividend payout ratio is currently 864.29%.

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A number of equities analysts have recently weighed in on the stock. Barclays PLC lowered their price target on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Four 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. The company presently has an average rating of “Buy” and an average 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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