Schwab Charles Investment Management Inc. Has $24.67 Million Stake in Kite Realty Group Trust (KRG)

Schwab Charles Investment Management Inc. lifted its stake in Kite Realty Group Trust (NYSE:KRG) by 55.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,218,437 shares of the real estate investment trust’s stock after acquiring an additional 436,465 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.46% of Kite Realty Group Trust worth $24,674,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Amalgamated Bank raised its position in shares of 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 worth $214,000 after buying an additional 109 shares in the last quarter. Texas Permanent School Fund raised its position in shares of 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 worth $1,155,000 after buying an additional 529 shares in the last quarter. SG Americas Securities LLC raised its position in shares of 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 worth $102,000 after buying an additional 557 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Kite Realty Group Trust by 3.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,720 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 700 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in shares of Kite Realty Group Trust by 14.4% in the second quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 850 shares in the last quarter. 94.41% of the stock is owned by hedge funds and other institutional investors.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.01, for a total transaction of $60,014.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.87% of the company’s stock.

Kite Realty Group Trust (KRG) traded up $0.02 during midday trading on Friday, reaching $19.53. The company’s stock had a trading volume of 606,500 shares, compared to its average volume of 737,350. Kite Realty Group Trust has a twelve month low of $17.60 and a twelve month high of $24.52. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1,630.92, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.62.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be given a dividend of $0.3175 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a yield of 6.50%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 806.67%.

A number of equities research analysts recently issued reports on KRG shares. Zacks Investment Research downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price objective on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. ValuEngine downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.00.

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Kite Realty Group Trust 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.

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

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