OxFORD Asset Management LLP Sells 8,175 Shares of Kite Realty Group Trust (KRG)

OxFORD Asset Management LLP cut its holdings in Kite Realty Group Trust (NYSE:KRG) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,710 shares of the real estate investment trust’s stock after selling 8,175 shares during the quarter. OxFORD Asset Management LLP’s holdings in Kite Realty Group Trust were worth $733,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Amalgamated Bank boosted its stake in Kite Realty Group Trust by 1.0% in the second quarter. Amalgamated Bank now owns 11,312 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 109 shares during the last quarter. Sii Investments Inc. WI boosted its stake in Kite Realty Group Trust by 4.7% in the first quarter. Sii Investments Inc. WI now owns 9,565 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 426 shares during the last quarter. Arizona State Retirement System boosted its stake in Kite Realty Group Trust by 1.2% in the first quarter. Arizona State Retirement System now owns 43,507 shares of the real estate investment trust’s stock valued at $935,000 after acquiring an additional 500 shares during the last quarter. Texas Permanent School Fund boosted its stake in Kite Realty Group Trust by 0.9% in the second quarter. Texas Permanent School Fund now owns 61,017 shares of the real estate investment trust’s stock valued at $1,155,000 after acquiring an additional 529 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 557 shares during the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have issued reports on KRG shares. BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, July 21st. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.33.

Kite Realty Group Trust (KRG) opened at 20.21 on Tuesday. The stock’s 50 day moving average is $20.25 and its 200-day moving average is $19.89. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $26.59. The company has a market capitalization of $1.69 billion, a PE ratio of 144.36 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $92.65 million for the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. K

A number of other hedge funds have also made changes to their positions in the business. Amalgamated Bank boosted its stake in Kite Realty Group Trust by 1.0% in the second quarter. Amalgamated Bank now owns 11,312 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 109 shares during the last quarter. Sii Investments Inc. WI boosted its stake in Kite Realty Group Trust by 4.7% in the first quarter. Sii Investments Inc. WI now owns 9,565 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 426 shares during the last quarter. Arizona State Retirement System boosted its stake in Kite Realty Group Trust by 1.2% in the first quarter. Arizona State Retirement System now owns 43,507 shares of the real estate investment trust’s stock valued at $935,000 after acquiring an additional 500 shares during the last quarter. Texas Permanent School Fund boosted its stake in Kite Realty Group Trust by 0.9% in the second quarter. Texas Permanent School Fund now owns 61,017 shares of the real estate investment trust’s stock valued at $1,155,000 after acquiring an additional 529 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 557 shares during the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/17/oxford-asset-management-llp-sells-8175-shares-of-kite-realty-group-trust-krg.html.

A number of equities analysts have issued reports on KRG shares. BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, July 21st. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.33.

Kite Realty Group Trust (KRG) opened at 20.21 on Tuesday. The stock’s 50 day moving average is $20.25 and its 200-day moving average is $19.89. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $26.59. The company has a market capitalization of $1.69 billion, a PE ratio of 144.36 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $92.65 million for the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. Kite Realty Group Trust’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts expect that Kite Realty Group Trust will post ($0.05) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, October 6th were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 5.99%. The ex-dividend date was Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is presently 864.29%.

Kite Realty Group Trust Company Profile

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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