Raymond James Financial Services Advisors Inc. lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 39.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,492 shares of the real estate investment trust’s stock after acquiring an additional 10,264 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kite Realty Group Trust were worth $739,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KRG. SG Americas Securities LLC grew its position in Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 557 shares in the last quarter. Riverhead Capital Management LLC grew its position in Kite Realty Group Trust by 64.1% in the second quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 2,627 shares in the last quarter. First Mercantile Trust Co. grew its position in Kite Realty Group Trust by 14.4% in the second quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 850 shares in the last quarter. Perigon Wealth Management LLC grew its position in Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Kite Realty Group Trust by 17.1% in the second quarter. Daiwa Securities Group Inc. now owns 7,525 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,100 shares in the last quarter. 94.42% of the stock is owned by institutional investors.

In other news, CAO Thomas R. Olinger sold 3,157 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $19.01, for a total transaction of $60,014.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.87% of the company’s stock.

Kite Realty Group Trust (KRG) traded up $0.53 during midday trading on Tuesday, hitting $19.83. 878,600 shares of the stock were exchanged, compared to its average volume of 736,955. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1,613.36, a PE ratio of 9.46, a PEG ratio of 2.02 and a beta of 0.62. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $25.01.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $88.16 million. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. Kite Realty Group Trust’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. equities analysts anticipate that Kite Realty Group Trust will post 2.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, January 4th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 806.67%.

A number of research analysts recently weighed in on KRG shares. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 price target on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kite Realty Group Trust presently has an average rating of “Buy” and an average target price of $25.33.

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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.

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

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