Kite Realty Group Trust (KRG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its stake in Kite Realty Group Trust (NYSE:KRG) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,867 shares of the real estate investment trust’s stock after acquiring an additional 29,073 shares during the period. Deutsche Bank AG owned approximately 0.44% of Kite Realty Group Trust worth $7,284,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Kite Realty Group Trust by 11.8% in the fourth quarter. BlackRock Inc. now owns 13,795,975 shares of the real estate investment trust’s stock worth $270,402,000 after acquiring an additional 1,455,741 shares during the last quarter. American Century Companies Inc. lifted its position in Kite Realty Group Trust by 13.7% in the fourth quarter. American Century Companies Inc. now owns 1,713,133 shares of the real estate investment trust’s stock worth $33,577,000 after purchasing an additional 206,839 shares during the period. Victory Capital Management Inc. lifted its position in Kite Realty Group Trust by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,620,011 shares of the real estate investment trust’s stock worth $31,752,000 after purchasing an additional 27,535 shares during the period. Bank of New York Mellon Corp lifted its position in Kite Realty Group Trust by 6.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,377,682 shares of the real estate investment trust’s stock worth $27,001,000 after purchasing an additional 77,821 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Kite Realty Group Trust by 10.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,343,986 shares of the real estate investment trust’s stock worth $26,343,000 after purchasing an additional 125,549 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.

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Several research analysts recently commented on KRG shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $23.00 target price (down from $25.00) on shares of Kite Realty Group Trust in a research report on Wednesday, December 20th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Barclays reduced their target price on Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. Bank of America cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Finally, DA Davidson cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.86.

In related news, Director Charles H. Wurtzebach acquired 6,600 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $14.65 per share, with a total value of $96,690.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Bindley acquired 100,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $15.06 per share, with a total value of $1,506,000.00. Following the completion of the acquisition, the director now owns 85,014 shares of the company’s stock, valued at approximately $1,280,310.84. The disclosure for this purchase can be found here. 1.87% of the stock is currently owned by company insiders.

Shares of NYSE KRG opened at $15.22 on Friday. The firm has a market cap of $1,289.11, a price-to-earnings ratio of 7.46, a P/E/G ratio of 1.82 and a beta of 0.47. Kite Realty Group Trust has a 52-week low of $13.90 and a 52-week high of $22.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.05 and a quick ratio of 1.05.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. The company had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $89.14 million. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The business’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. sell-side analysts predict that Kite Realty Group Trust will post 2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, April 6th will be issued 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 dividend yield of 8.34%. Kite Realty Group Trust’s payout ratio is presently 62.25%.

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About Kite Realty Group Trust

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.

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

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