Kite Realty Group Trust (NYSE:KRG) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its position in shares of Kite Realty Group Trust (NYSE:KRG) by 12.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,131 shares of the real estate investment trust’s stock after selling 26,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Kite Realty Group Trust were worth $3,674,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CWM LLC purchased a new position in shares of Kite Realty Group Trust during the fourth quarter worth approximately $49,000. PNC Financial Services Group Inc. grew its holdings in Kite Realty Group Trust by 35.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,785 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,247 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Kite Realty Group Trust by 34.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,458 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 2,438 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Kite Realty Group Trust by 69.6% in the 4th quarter. Panagora Asset Management Inc. now owns 9,551 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 3,919 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in Kite Realty Group Trust in the 4th quarter valued at approximately $195,000. 94.10% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KRG traded up $0.06 during midday trading on Thursday, hitting $10.27. The stock had a trading volume of 55,533 shares, compared to its average volume of 1,081,483. The company’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $17.20. The firm has a market cap of $857.95 million, a P/E ratio of -1,029.00, a price-to-earnings-growth ratio of 3.24 and a beta of 0.99. Kite Realty Group Trust has a fifty-two week low of $7.85 and a fifty-two week high of $19.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.24 and a quick ratio of 1.24.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.18). The firm had revenue of $75.27 million during the quarter, compared to analyst estimates of $73.17 million. Kite Realty Group Trust had a negative net margin of 0.16% and a negative return on equity of 0.04%. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. Equities analysts expect that Kite Realty Group Trust will post 1.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 27th will be paid a $0.317 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.27 annualized dividend and a dividend yield of 12.35%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 76.51%.

In other news, CFO R Fear Heath bought 6,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $16.18 per share, with a total value of $97,080.00. 2.07% of the stock is currently owned by company insiders.

KRG has been the subject of a number of recent analyst reports. ValuEngine cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Bank of America raised Kite Realty Group Trust from an “underperform” rating to a “neutral” rating in a report on Monday, January 6th. Citigroup raised their price target on Kite Realty Group Trust from $16.00 to $19.50 and gave the company a “neutral” rating in a report on Monday, December 9th. BTIG Research cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Finally, Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Kite Realty Group Trust currently has a consensus rating of “Hold” and a consensus price target of $18.80.

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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