Victory Capital Management Inc. boosted its holdings in Kite Realty Group Trust (NYSE:KRG) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,620,011 shares of the real estate investment trust’s stock after acquiring an additional 27,535 shares during the quarter. Victory Capital Management Inc.’s holdings in Kite Realty Group Trust were worth $31,752,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KRG. Zions Bancorporation bought a new stake in Kite Realty Group Trust in the third quarter worth about $111,000. Perigon Wealth Management LLC raised its position in Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 2,500 shares in the last quarter. Meeder Asset Management Inc. raised its position in Kite Realty Group Trust by 374.1% in the third quarter. Meeder Asset Management Inc. now owns 7,126 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 5,623 shares in the last quarter. Amalgamated Bank raised its position in Kite Realty Group Trust by 1.0% in the second quarter. Amalgamated Bank now owns 11,312 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 109 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in Kite Realty Group Trust in the third quarter worth about $223,000. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Kite Realty Group Trust (NYSE:KRG) opened at $14.48 on Friday. The firm has a market capitalization of $1,210.61, a PE ratio of 7.10, a P/E/G ratio of 1.69 and a beta of 0.42. Kite Realty Group Trust has a 12 month low of $13.90 and a 12 month high of $24.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.05 and a quick ratio of 0.84.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $89.14 million. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. Kite Realty Group Trust’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. analysts expect that Kite Realty Group Trust will post 2.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, January 5th were paid a $0.3175 dividend. The ex-dividend date was Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a yield of 8.77%. 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 907.14%.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of Kite Realty Group Trust stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.01, for a total transaction of $60,014.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William E. Bindley bought 100,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $15.06 per share, for a total transaction of $1,506,000.00. Following the purchase, the director now owns 85,014 shares in the company, valued at $1,280,310.84. The disclosure for this purchase can be found here. Insiders sold a total of 25,157 shares of company stock worth $497,645 in the last three months. 1.87% of the stock is currently owned by company insiders.

Several equities research analysts have commented on KRG shares. Zacks Investment Research cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. DA Davidson cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Monday, February 5th. Bank of America cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Barclays dropped their price target on Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.33.

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

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