Kite Realty Group Trust (NYSE:KRG) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,785 shares of the real estate investment trust’s stock after acquiring an additional 5,371 shares during the period. State of Alaska Department of Revenue owned approximately 0.07% of Kite Realty Group Trust worth $918,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC grew its position in Kite Realty Group Trust by 34.0% in the 4th quarter. Hsbc Holdings PLC now owns 16,317 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 4,143 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kite Realty Group Trust by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 1,145,816 shares of the real estate investment trust’s stock worth $16,144,000 after purchasing an additional 106,004 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Kite Realty Group Trust by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 679,666 shares of the real estate investment trust’s stock valued at $9,576,000 after buying an additional 4,081 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Kite Realty Group Trust by 12.2% in the fourth quarter. Two Sigma Advisers LP now owns 86,600 shares of the real estate investment trust’s stock valued at $1,220,000 after buying an additional 9,445 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Kite Realty Group Trust by 9.3% in the fourth quarter. Bank of America Corp DE now owns 896,022 shares of the real estate investment trust’s stock valued at $12,625,000 after buying an additional 76,026 shares during the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

KRG has been the subject of a number of research reports. Citigroup set a $98.00 price objective on Reliance Steel & Aluminum and gave the company a “hold” rating in a research note on Monday, May 20th. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Finally, Zacks Investment Research cut First Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.33.

KRG stock traded up $0.03 on Friday, reaching $15.65. 265,726 shares of the company’s stock were exchanged, compared to its average volume of 444,373. The company has a fifty day moving average of $15.43. Kite Realty Group Trust has a twelve month low of $13.66 and a twelve month high of $17.75. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.87 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.35 and a current ratio of 1.35.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Kite Realty Group Trust had a negative return on equity of 1.59% and a negative net margin of 6.59%. The firm had revenue of $83.52 million for the quarter, compared to analyst estimates of $81.50 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Kite Realty Group Trust’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Kite Realty Group Trust will post 1.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were issued a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date was Thursday, June 20th. Kite Realty Group Trust’s dividend payout ratio is presently 63.50%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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

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