Pensionfund Sabic Has $976,000 Stake in Kite Realty Group Trust (KRG)

Pensionfund Sabic increased its position in Kite Realty Group Trust (NYSE:KRG) by 59.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,400 shares of the real estate investment trust’s stock after buying an additional 17,000 shares during the period. Pensionfund Sabic owned approximately 0.05% of Kite Realty Group Trust worth $976,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Elkfork Partners LLC bought a new position in shares of Kite Realty Group Trust during the fourth quarter worth approximately $112,000. MSI Financial Services Inc increased its position in shares of Kite Realty Group Trust by 0.6% in the third quarter. MSI Financial Services Inc now owns 5,750 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 36 shares in the last quarter. Sei Investments Co. increased its position in shares of Kite Realty Group Trust by 24.6% in the third quarter. Sei Investments Co. now owns 7,261 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 1,433 shares in the last quarter. Sii Investments Inc. WI bought a new position in shares of Kite Realty Group Trust during the fourth quarter worth approximately $214,000. Finally, Numeric Investors LLC acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at $258,000. Institutional investors and hedge funds own 93.36% of the company’s stock.

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

Kite Realty Group Trust (NYSE:KRG) traded down 0.22% on Thursday, hitting $22.18. 405,184 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $21.23 and its 200-day moving average price is $23.53. The company has a market cap of $1.85 billion, a PE ratio of 2218.00 and a beta of 0.67. Kite Realty Group Trust has a 12-month low of $19.91 and a 12-month high of $30.45.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Thursday, February 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $88.87 million for the quarter, compared to analysts’ expectations of $89.02 million. Kite Realty Group Trust had a net margin of 0.45% and a return on equity of 0.10%. During the same period in the previous year, the business earned $0.50 earnings per share. Analysts forecast that Kite Realty Group Trust will post ($0.05) earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Thursday, April 6th were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend was Tuesday, April 4th. Kite Realty Group Trust’s payout ratio is currently 6,053.03%.

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Several equities research analysts have recently weighed in on KRG shares. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd. Robert W. Baird raised shares of Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from $27.00 to $24.00 in a research report on Monday, March 13th. Barclays PLC reaffirmed an “overweight” rating and issued a $25.00 price target (down previously from $27.00) on shares of Kite Realty Group Trust in a research report on Wednesday. Raymond James Financial, Inc. raised shares of Kite Realty Group Trust from an “outperform” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research report on Monday, January 9th. Finally, Stifel Nicolaus decreased their target price on shares of Kite Realty Group Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, February 6th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kite Realty Group Trust currently has an average rating of “Buy” and an average target price of $28.43.

In related news, CEO John A. Kite sold 25,000 shares of Kite Realty Group Trust stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $21.51, for a total transaction of $537,750.00. Following the transaction, the chief executive officer now directly owns 47,580 shares of the company’s stock, valued at $1,023,445.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.19% of the stock is owned by insiders.

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.

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