Dimensional Fund Advisors LP Has $18.61 Million Position in Kite Realty Group Trust (KRG)

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Dimensional Fund Advisors LP lessened its holdings in Kite Realty Group Trust (NYSE:KRG) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,320,376 shares of the real estate investment trust’s stock after selling 21,402 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kite Realty Group Trust were worth $18,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pearl River Capital LLC acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter worth about $37,000. Quantamental Technologies LLC acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter worth about $84,000. Rehmann Capital Advisory Group raised its holdings in shares of Kite Realty Group Trust by 1,521.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 9,990 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 9,374 shares during the last quarter. Advisory Resource Group acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter worth about $141,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Kite Realty Group Trust in the 3rd quarter worth about $171,000. Institutional investors own 92.30% of the company’s stock.

NYSE:KRG opened at $15.82 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.91 and a beta of 0.88. Kite Realty Group Trust has a 52 week low of $13.66 and a 52 week high of $17.75.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Tuesday, February 19th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $86.90 million during the quarter, compared to analyst estimates of $85.31 million. Kite Realty Group Trust had a negative net margin of 13.15% and a negative return on equity of 3.15%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities analysts forecast that Kite Realty Group Trust will post 1.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 22nd were paid a $0.3175 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.27 annualized dividend and a yield of 8.03%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 63.50%.

In other news, CFO R Fear Heath acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was purchased at an average price of $15.79 per share, for a total transaction of $118,425.00. Following the purchase, the chief financial officer now owns 78,883 shares in the company, valued at approximately $1,245,562.57. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.07% of the company’s stock.

A number of equities research analysts recently weighed in on KRG shares. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Bank of America lowered shares of Kite Realty Group Trust from a “neutral” rating to an “underperform” rating in a research note on Monday, March 4th. Capital One Financial reiterated an “overweight” rating on shares of Kite Realty Group Trust in a research note on Wednesday, February 20th. Finally, Barclays lowered shares of Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $15.00 to $16.00 in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Hold” and a consensus price target of $16.13.

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Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

Further Reading: NASDAQ Stock Market Explained

Want to see what other hedge funds are holding KRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kite Realty Group Trust (NYSE:KRG).

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

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