Kite Realty Group Trust (KRG) Holdings Trimmed by Citigroup Inc.

Citigroup Inc. cut its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,010 shares of the real estate investment trust’s stock after selling 11,773 shares during the period. Citigroup Inc. owned about 0.10% of Kite Realty Group Trust worth $1,198,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. lifted its stake in Kite Realty Group Trust by 3.8% during the 4th quarter. BlackRock Inc. now owns 14,570,902 shares of the real estate investment trust’s stock valued at $205,305,000 after acquiring an additional 527,076 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kite Realty Group Trust by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,991,507 shares of the real estate investment trust’s stock valued at $216,308,000 after acquiring an additional 408,882 shares in the last quarter. Vanguard Group Inc lifted its stake in Kite Realty Group Trust by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 12,991,507 shares of the real estate investment trust’s stock valued at $216,308,000 after acquiring an additional 408,882 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Kite Realty Group Trust by 26.3% during the 3rd quarter. Macquarie Group Ltd. now owns 3,784,954 shares of the real estate investment trust’s stock valued at $63,019,000 after acquiring an additional 788,808 shares in the last quarter. Finally, Investment Counselors of Maryland LLC lifted its stake in Kite Realty Group Trust by 2.0% during the 4th quarter. Investment Counselors of Maryland LLC now owns 1,675,870 shares of the real estate investment trust’s stock valued at $23,613,000 after acquiring an additional 32,171 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

Several equities analysts have weighed in on KRG shares. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Bank of America cut Kite Realty Group Trust from a “neutral” rating to an “underperform” rating in a research note on Monday, March 4th. TheStreet upgraded Kite Realty Group Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, February 19th. ValuEngine upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Finally, Barclays cut Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $15.00 to $16.00 in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.13.

In other Kite Realty Group Trust news, CFO R Fear Heath bought 7,500 shares of the stock in a transaction dated Tuesday, February 26th. The shares were bought at an average cost of $15.79 per share, for a total transaction of $118,425.00. Following the purchase, the chief financial officer now directly owns 78,883 shares of the company’s stock, valued at approximately $1,245,562.57. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.93% of the company’s stock.

NYSE KRG opened at $15.70 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.79 and a beta of 0.87. Kite Realty Group Trust has a one year low of $13.66 and a one year high of $17.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $85.31 million. Kite Realty Group Trust had a negative return on equity of 3.15% and a negative net margin of 13.15%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS. As a group, sell-side analysts forecast that Kite Realty Group Trust will post 1.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 22nd 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 8.09%. The ex-dividend date of this dividend is Thursday, March 21st. Kite Realty Group Trust’s payout ratio is 63.50%.

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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 neighborhood, community, and lifestyle centers.

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

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