Commonwealth Equity Services LLC Buys 9,954 Shares of Kite Realty Group Trust (KRG)

Commonwealth Equity Services LLC raised its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,795 shares of the real estate investment trust’s stock after buying an additional 9,954 shares during the period. Commonwealth Equity Services LLC owned 0.22% of Kite Realty Group Trust worth $3,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KRG. Meeder Asset Management Inc. increased its stake in shares of 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 worth $135,000 after purchasing an additional 5,766 shares during the period. Eii Capital Management Inc. increased its stake in shares of 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 worth $186,000 after purchasing an additional 6,234 shares during the period. Private Advisor Group LLC bought a new position in shares of Kite Realty Group Trust in the second quarter worth about $212,000. BB&T Securities LLC increased its stake in shares of 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 worth $252,000 after purchasing an additional 3,927 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Kite Realty Group Trust in the third quarter worth about $283,000. Institutional investors own 92.84% of the company’s stock.

In related news, CEO John A. Kite sold 35,000 shares of Kite Realty Group Trust stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $17.42, for a total transaction of $609,700.00. Following the sale, the chief executive officer now directly owns 68,588 shares of the company’s stock, valued at $1,194,802.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.93% of the stock is owned by company insiders.

A number of research firms have recently commented on KRG. Zacks Investment Research lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Robert W. Baird downgraded Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Wednesday, October 24th. Finally, Citigroup lifted their target price on Kite Realty Group Trust from $16.50 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.83.

KRG stock opened at $15.78 on Friday. Kite Realty Group Trust has a twelve month low of $13.87 and a twelve month high of $20.24. The stock has a market cap of $1.32 billion, a P/E ratio of 7.74, a PEG ratio of 2.00 and a beta of 0.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 0.89.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, January 4th will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Thursday, January 3rd. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 62.25%.

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Kite Realty Group Trust 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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