Kite Realty Group Trust (KRG) Shares Bought by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. grew its stake in Kite Realty Group Trust (NYSE:KRG) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129,548 shares of the real estate investment trust’s stock after acquiring an additional 23,367 shares during the period. Uniplan Investment Counsel Inc. owned 1.35% of Kite Realty Group Trust worth $22,873,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KRG. Teachers Advisors LLC grew its stake in Kite Realty Group Trust by 17.7% in the 1st quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock worth $3,478,000 after acquiring an additional 24,319 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Kite Realty Group Trust by 19.1% during the second 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 in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Kite Realty Group Trust by 30.4% during the second quarter. Russell Investments Group Ltd. now owns 153,650 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 35,789 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Kite Realty Group Trust by 3.7% during the second 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 in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Kite Realty Group Trust by 1.6% during the second quarter. Great West Life Assurance Co. Can now owns 161,599 shares of the real estate investment trust’s stock valued at $3,057,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

A number of research firms have recently issued reports on KRG. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and set a $23.00 price objective on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Buy” and an average price target of $25.33.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.87% of the company’s stock.

Shares of Kite Realty Group Trust (NYSE:KRG) traded down $0.24 on Wednesday, reaching $19.59. 1,249,800 shares of the company’s stock traded hands, compared to its average volume of 739,146. The firm has a market capitalization of $1,640.00, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 2.08 and a beta of 0.61. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $25.01. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.06.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. The business had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $88.16 million. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. research analysts anticipate that Kite Realty Group Trust will post 2.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be issued a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.48%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 806.67%.

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About Kite Realty Group Trust

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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