Meeder Asset Management Inc. Sells 7,158 Shares of Kite Realty Group Trust (KRG)

Meeder Asset Management Inc. trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG) by 44.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,849 shares of the real estate investment trust’s stock after selling 7,158 shares during the quarter. Meeder Asset Management Inc.’s holdings in Kite Realty Group Trust were worth $136,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Certified Advisory Corp acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at about $137,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at about $202,000. SG Americas Securities LLC boosted its stake in shares of Kite Realty Group Trust by 78.3% during the first quarter. SG Americas Securities LLC now owns 11,693 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 5,135 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Kite Realty Group Trust by 80.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Kite Realty Group Trust by 29.1% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 18,850 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 4,244 shares in the last quarter. 97.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kite Realty Group Trust opened at $14.49 on Wednesday, according to MarketBeat. Kite Realty Group Trust has a 1 year low of $14.39 and a 1 year high of $14.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.23 billion, a PE ratio of 7.23, a P/E/G ratio of 1.72 and a beta of 0.47.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Kite Realty Group Trust had a negative return on equity of 0.38% and a negative net margin of 1.69%. The company had revenue of $89.76 million during the quarter, compared to the consensus estimate of $88.38 million. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. research analysts anticipate that Kite Realty Group Trust will post 2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, July 6th will be given a dividend of $0.317 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.75%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 62.25%.

A number of analysts have recently commented on the company. Barclays cut their price target on Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. Bank of America lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Capital One raised Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, February 5th. Finally, DA Davidson lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.57.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.

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

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