Teacher Retirement System of Texas purchased a new stake in Kite Realty Group Trust (NYSE:KRG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 28,641 shares of the real estate investment trust’s stock, valued at approximately $561,000.
Several other large investors also recently added to or reduced their stakes in KRG. Zions Bancorporation acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $111,000. Cetera Advisors LLC acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $223,000. Schroder Investment Management Group acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $223,000. Nisa Investment Advisors LLC boosted its position in shares of Kite Realty Group Trust by 80.2% in the 4th 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 during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $296,000. Institutional investors and hedge funds own 95.50% of the company’s stock.
In other Kite Realty Group Trust news, COO Thomas K. Mcgowan sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was 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 in the company, valued at approximately $1,667,354.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John A. Kite sold 17,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $20.09, for a total value of $341,530.00. Following the sale, the chief executive officer now owns 52,712 shares of the company’s stock, valued at $1,058,984.08. The disclosure for this sale can be found here. Company insiders own 1.87% of the company’s stock.
Shares of Kite Realty Group Trust (KRG) opened at $15.52 on Wednesday. Kite Realty Group Trust has a 1 year low of $13.90 and a 1 year high of $22.34. The company has a market capitalization of $1,300.00, a PE ratio of 110.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.49. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.05 and a current ratio of 1.05.
Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The firm had revenue of $88.90 million during the quarter, compared to analyst estimates of $89.14 million. During the same period last year, the company posted $0.50 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. equities analysts predict that Kite Realty Group Trust will post 2.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, April 6th will be given a dividend of $0.3175 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.27 dividend on an annualized basis and a yield of 8.18%. Kite Realty Group Trust’s payout ratio is presently 907.14%.
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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