Kite Realty Group Trust (NYSE:KRG) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA grew its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,544 shares of the real estate investment trust’s stock after buying an additional 5,095 shares during the period. BNP Paribas Arbitrage SA owned 0.06% of Kite Realty Group Trust worth $995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Kite Realty Group Trust by 2.6% during the first quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock worth $293,034,000 after buying an additional 346,198 shares in the last quarter. BlackRock Inc. grew its position in shares of Kite Realty Group Trust by 9,657.3% in the first quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock valued at $265,241,000 after purchasing an additional 12,210,338 shares during the period. Principal Financial Group Inc. grew its position in shares of Kite Realty Group Trust by 415.9% in the first quarter. Principal Financial Group Inc. now owns 3,411,740 shares of the real estate investment trust’s stock valued at $73,352,000 after purchasing an additional 2,750,414 shares during the period. State Street Corp grew its position in shares of Kite Realty Group Trust by 4.5% in the first quarter. State Street Corp now owns 3,290,453 shares of the real estate investment trust’s stock valued at $70,744,000 after purchasing an additional 140,955 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Kite Realty Group Trust by 5.6% in the first quarter. American Century Companies Inc. now owns 1,480,128 shares of the real estate investment trust’s stock valued at $31,823,000 after acquiring an additional 78,176 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

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KRG has been the topic of a number of recent research reports. BidaskClub upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price objective on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Kite Realty Group Trust presently has an average rating of “Buy” and an average price target of $25.33.

Shares of Kite Realty Group Trust (NYSE KRG) traded down 1.11% during midday trading on Friday, hitting $20.50. The stock had a trading volume of 166,320 shares. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $28.95. The stock has a 50-day moving average of $20.44 and a 200 day moving average of $20.08. The stock has a market cap of $1.71 billion, a PE ratio of 146.43 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $92.65 million for the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. Kite Realty Group Trust’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Analysts anticipate that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 6th will be issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is currently 864.29%.

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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