Kite Realty Group Trust (KRG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 132,585 shares of the real estate investment trust’s stock after selling 14,144 shares during the period. California State Teachers Retirement System owned 0.16% of Kite Realty Group Trust worth $2,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KRG. SG Americas Securities LLC lifted its holdings in shares of Kite Realty Group Trust by 11.5% during the 2nd 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 in the last quarter. Riverhead Capital Management LLC increased its position in shares of Kite Realty Group Trust by 64.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 2,627 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Kite Realty Group Trust by 58.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,500 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Kite Realty Group Trust by 374.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,126 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 5,623 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Kite Realty Group Trust by 23.5% during the 2nd quarter. D.A. Davidson & CO. now owns 9,651 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 1,834 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Thomas K. Mcgowan sold 5,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the completion of the sale, the chief operating officer now directly owns 86,751 shares of the company’s stock, valued at approximately $1,667,354.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,157 shares of company stock worth $497,645. 1.87% of the stock is owned by corporate insiders.

Kite Realty Group Trust (NYSE:KRG) opened at $17.95 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.84 and a current ratio of 0.84. Kite Realty Group Trust has a one year low of $17.58 and a one year high of $24.38. The firm has a market cap of $1,481.29, a P/E ratio of 8.69, a P/E/G ratio of 1.90 and a beta of 0.63.

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

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, January 5th were issued a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.08%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 4th. Kite Realty Group Trust’s payout ratio is presently 846.67%.

A number of equities research analysts recently weighed in on KRG shares. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Capital One Financial reissued an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $23.00 price target (down previously from $25.00) on shares of Kite Realty Group Trust in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.80.

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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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