Kite Realty Group Trust $KRG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in Kite Realty Group Trust (NYSE:KRG) by 16.1% in the 1st quarter, HoldingsChannel reports. The firm owned 250,466 shares of the real estate investment trust’s stock after selling 48,061 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kite Realty Group Trust were worth $6,149,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cohen & Steers Inc. increased its stake in Kite Realty Group Trust by 26.3% during the 4th quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock worth $630,805,000 after buying an additional 5,486,116 shares during the period. Centersquare Investment Management LLC boosted its position in Kite Realty Group Trust by 1.3% in the 4th quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock valued at $197,436,000 after buying an additional 105,830 shares during the period. Bank of America Corp DE boosted its position in Kite Realty Group Trust by 6.9% in the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock valued at $142,009,000 after buying an additional 411,465 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kite Realty Group Trust by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,897 shares of the real estate investment trust’s stock worth $91,395,000 after acquiring an additional 93,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kite Realty Group Trust by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock worth $73,052,000 after acquiring an additional 165,889 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KRG. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $32.00 price target on Kite Realty Group Trust and gave the company an “overweight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.43.

Kite Realty Group Trust Stock Down 1.3%

Shares of NYSE:KRG opened at $29.09 on Wednesday. The firm has a 50 day simple moving average of $28.35 and a 200-day simple moving average of $26.25. Kite Realty Group Trust has a twelve month low of $20.86 and a twelve month high of $29.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $5.91 billion, a PE ratio of 21.87, a P/E/G ratio of 4.15 and a beta of 0.85.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $198.37 million. On average, equities analysts predict that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.