Chartwell Investment Partners LLC Has $8.39 Million Position in Kite Realty Group Trust (NYSE:KRG)

Chartwell Investment Partners LLC reduced its holdings in Kite Realty Group Trust (NYSE:KRG) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 414,241 shares of the real estate investment trust’s stock after selling 11,115 shares during the quarter. Chartwell Investment Partners LLC owned 0.50% of Kite Realty Group Trust worth $8,388,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in 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 acquiring an additional 202,026 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in Kite Realty Group Trust by 11.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 100,825 shares of the real estate investment trust’s stock worth $1,909,000 after buying an additional 10,589 shares during the period. AXA lifted its holdings in Kite Realty Group Trust by 205.3% in the 2nd quarter. AXA now owns 224,410 shares of the real estate investment trust’s stock worth $4,249,000 after buying an additional 150,900 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in Kite Realty Group Trust by 105.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 81,000 shares of the real estate investment trust’s stock worth $1,533,000 after buying an additional 41,600 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Kite Realty Group Trust by 20.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,539,805 shares of the real estate investment trust’s stock valued at $29,149,000 after purchasing an additional 266,113 shares during the period. Hedge funds and other institutional investors own 94.42% of the company’s stock.

A number of research analysts have recently commented on KRG shares. Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. ValuEngine upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Capital One Financial reaffirmed an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.33.

Kite Realty Group Trust (NYSE KRG) traded up $0.06 during trading on Thursday, hitting $18.94. The company’s stock had a trading volume of 720,487 shares, compared to its average volume of 739,054. The company has a market cap of $1,637.61, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 2.05 and a beta of 0.62. Kite Realty Group Trust has a twelve month low of $17.60 and a twelve month high of $25.01. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.06.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, January 5th will be issued 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 positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s payout ratio is presently 806.67%.

In related news, CAO Thomas R. Olinger sold 3,157 shares of Kite Realty Group Trust stock in a transaction on Monday, November 20th. The stock was sold at an average price of $19.01, for a total value of $60,014.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.87% of the company’s stock.

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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.

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

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