Citadel Advisors LLC cut its holdings in Kite Realty Group Trust (NYSE:KRG) by 26.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,708 shares of the real estate investment trust’s stock after selling 20,719 shares during the quarter. Citadel Advisors LLC owned approximately 0.07% of Kite Realty Group Trust worth $1,111,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KRG. SG Americas Securities LLC grew its position in shares of Kite Realty Group Trust by 11.5% in the 2nd 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 period. Riverhead Capital Management LLC grew its position in shares of Kite Realty Group Trust by 64.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 2,627 shares during the period. First Mercantile Trust Co. grew its position in shares of Kite Realty Group Trust by 14.4% in the 2nd quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 850 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Kite Realty Group Trust by 17.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,525 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 1,100 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Kite Realty Group Trust in the 1st quarter worth about $154,000. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust (NYSE:KRG) opened at 20.31 on Thursday. The company has a 50-day moving average of $20.24 and a 200-day moving average of $19.94. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $26.68. The company has a market cap of $1.70 billion, a PE ratio of 145.07 and a beta of 0.57.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 6th will be paid a $0.3025 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.21 annualized dividend and a yield of 5.96%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 864.29%.

A number of analysts have recently weighed in on KRG shares. ValuEngine downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised 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 research report on Friday, July 21st. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Kite Realty Group Trust presently has an average rating of “Buy” and a consensus target price of $25.33.

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Kite Realty Group Trust Company Profile

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

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