Boothbay Fund Management LLC trimmed its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 27.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,848 shares of the real estate investment trust’s stock after selling 17,402 shares during the quarter. Boothbay Fund Management LLC owned about 0.05% of Kite Realty Group Trust worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Kite Realty Group Trust by 1.7% during the 2nd quarter. State Street Corp now owns 3,348,017 shares of the real estate investment trust’s stock worth $63,381,000 after buying an additional 57,564 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Kite Realty Group Trust by 10.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,343,832 shares of the real estate investment trust’s stock worth $47,463,000 after buying an additional 230,507 shares in the last quarter. Northern Trust Corp raised its position in shares of Kite Realty Group Trust by 4.4% during the 2nd quarter. Northern Trust Corp now owns 1,767,415 shares of the real estate investment trust’s stock worth $33,456,000 after buying an additional 75,025 shares in the last quarter. American Century Companies Inc. raised its position in shares of Kite Realty Group Trust by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 1,682,154 shares of the real estate investment trust’s stock worth $31,843,000 after buying an additional 202,026 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Kite Realty Group Trust by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,592,476 shares of the real estate investment trust’s stock worth $32,248,000 after buying an additional 52,671 shares in the last quarter. Institutional investors own 94.42% of the company’s stock.

KRG has been the topic of a number of recent analyst reports. 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. Robert W. Baird restated a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Capital One Financial reaffirmed 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, KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $25.33.

Kite Realty Group Trust (NYSE KRG) opened at $18.93 on Friday. The stock has a market cap of $1,580.00, a P/E ratio of 9.28, a PEG ratio of 2.06 and a beta of 0.61. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $25.01.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $87.10 million for 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%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. research analysts expect that Kite Realty Group Trust will post 2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, January 5th will be paid a $0.3175 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.27 annualized dividend and a dividend yield of 6.71%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s payout ratio is currently 806.67%.

In other news, CAO Thomas R. Olinger sold 3,157 shares of Kite Realty Group Trust stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.87% of the company’s stock.

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Kite Realty Group Trust 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.

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

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