American Century Companies Inc. trimmed its holdings in Kite Realty Group Trust (NYSE:KRG) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,718,899 shares of the real estate investment trust’s stock after selling 89,443 shares during the period. American Century Companies Inc.’s holdings in Kite Realty Group Trust were worth $28,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in Kite Realty Group Trust by 244.7% in the third quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 5,766 shares during the last quarter. Eii Capital Management Inc. increased its stake in Kite Realty Group Trust by 117.4% in the third quarter. Eii Capital Management Inc. now owns 11,544 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 6,234 shares during the last quarter. Private Advisor Group LLC bought a new position in Kite Realty Group Trust in the second quarter valued at approximately $212,000. BB&T Securities LLC increased its stake in Kite Realty Group Trust by 36.2% in the second quarter. BB&T Securities LLC now owns 14,781 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 3,927 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new position in Kite Realty Group Trust in the third quarter valued at approximately $283,000. Institutional investors own 91.18% of the company’s stock.

KRG has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on shares of Kite Realty Group Trust from $16.50 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, August 16th. Zacks Investment Research cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, Robert W. Baird cut shares of Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.83.

In other Kite Realty Group Trust news, CEO John A. Kite sold 35,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $17.42, for a total transaction of $609,700.00. Following the sale, the chief executive officer now owns 68,588 shares of the company’s stock, valued at $1,194,802.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.93% of the company’s stock.

Shares of NYSE:KRG opened at $15.84 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of 7.76, a PEG ratio of 1.88 and a beta of 0.50. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. Kite Realty Group Trust has a 1 year low of $13.87 and a 1 year high of $20.24.

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Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of open-air shopping centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.

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

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