Dalton Greiner Hartman Maher & Co. increased its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 820,731 shares of the real estate investment trust’s stock after purchasing an additional 27,302 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned approximately 0.98% of Kite Realty Group Trust worth $16,086,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of KRG. SG Americas Securities LLC lifted its stake in shares of Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 557 shares during the last quarter. Zions Bancorporation bought a new position in Kite Realty Group Trust during the third quarter worth $111,000. Riverhead Capital Management LLC increased its position in Kite Realty Group Trust by 64.1% during the second quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 2,627 shares during the period. Perigon Wealth Management LLC increased its position in Kite Realty Group Trust by 58.1% during 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 during the period. Finally, Meeder Asset Management Inc. increased its position in Kite Realty Group Trust by 374.1% during 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 during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.
A number of equities analysts recently issued reports on KRG shares. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Capital One Financial restated an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $23.00 target price (down previously from $25.00) on shares of Kite Realty Group Trust in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Kite Realty Group Trust has a consensus rating of “Hold” and a consensus price target of $23.80.
In other news, COO Thomas K. Mcgowan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the completion of the transaction, the chief operating officer now directly owns 86,751 shares of the company’s stock, valued at approximately $1,667,354.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John A. Kite sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $20.09, for a total transaction of $341,530.00. Following the transaction, the chief executive officer now directly owns 52,712 shares of the company’s stock, valued at $1,058,984.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,157 shares of company stock valued at $497,645. 1.87% of the stock is currently owned by company insiders.
Kite Realty Group Trust (KRG) opened at $17.81 on Thursday. 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 has a 52-week low of $17.58 and a 52-week high of $24.38. The stock has a market cap of $1,477.94, a PE ratio of 118.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.63.
Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. equities research analysts anticipate that Kite Realty Group Trust will post 2.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, January 5th were paid a $0.3175 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.30. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.13%. Kite Realty Group Trust’s dividend payout ratio is 846.67%.
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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.
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