Fort Washington Investment Advisors Inc. OH Has $14.26 Million Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Fort Washington Investment Advisors Inc. OH trimmed its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 20.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 637,254 shares of the real estate investment trust's stock after selling 167,867 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.29% of Kite Realty Group Trust worth $14,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Optiver Holding B.V. lifted its position in shares of Kite Realty Group Trust by 19.9% in the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 467 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Kite Realty Group Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust's stock worth $1,609,000 after purchasing an additional 516 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Kite Realty Group Trust by 1.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock worth $806,000 after purchasing an additional 556 shares in the last quarter. FIL Ltd lifted its position in shares of Kite Realty Group Trust by 19.8% in the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 579 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Kite Realty Group Trust by 3.3% in the fourth quarter. IHT Wealth Management LLC now owns 18,489 shares of the real estate investment trust's stock worth $467,000 after purchasing an additional 582 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Up 0.3%

NYSE:KRG traded up $0.06 during mid-day trading on Monday, reaching $22.32. The stock had a trading volume of 1,075,583 shares, compared to its average volume of 1,692,204. Kite Realty Group Trust has a fifty-two week low of $18.52 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The business's 50 day moving average is $21.95 and its 200 day moving average is $22.95. The stock has a market cap of $4.91 billion, a P/E ratio of 1,116.15, a PEG ratio of 3.57 and a beta of 1.11.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. The company had revenue of $221.76 million for the quarter, compared to the consensus estimate of $211.07 million. As a group, sell-side analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 annualized dividend and a yield of 4.84%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 1,542.86%.

Analysts Set New Price Targets

KRG has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Raymond James dropped their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded Kite Realty Group Trust from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.63.

Kite Realty Group Trust Profile

Kite Realty Group Trust NYSE: KRG is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.