Kite Realty Group Trust (KRG) Stake Raised by Sii Investments Inc. WI

Sii Investments Inc. WI increased its stake in Kite Realty Group Trust (NYSE:KRG) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,565 shares of the real estate investment trust’s stock after buying an additional 426 shares during the period. Sii Investments Inc. WI’s holdings in Kite Realty Group Trust were worth $207,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KRG. Glen Harbor Capital Management LLC raised its position in Kite Realty Group Trust by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 4,648 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 728 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in Kite Realty Group Trust by 25.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,078 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,039 shares during the last quarter. Elkfork Partners LLC purchased a new position in Kite Realty Group Trust during the fourth quarter worth about $112,000. Daiwa Securities Group Inc. raised its position in Kite Realty Group Trust by 30.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,425 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,500 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Kite Realty Group Trust during the first quarter worth $154,000. 93.34% of the stock is owned by institutional investors.

Kite Realty Group Trust (NYSE:KRG) traded up 2.46% during mid-day trading on Friday, reaching $18.75. 493,280 shares of the company’s stock traded hands. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $30.45. The firm has a 50-day moving average price of $18.66 and a 200-day moving average price of $21.42. The stock’s market cap is $1.57 billion.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Kite Realty Group Trust had a return on equity of 0.01% and a net margin of 0.05%. The business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $88.31 million. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.3025 per share. The ex-dividend date is Monday, July 3rd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 6.45%.

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A number of brokerages have recently weighed in on KRG. Barclays PLC reduced their price target on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Saturday, July 1st. Robert W. Baird upgraded shares of Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $27.00 to $24.00 in a report on Monday, March 13th. Finally, BidaskClub upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.86.

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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