Kite Realty Group Trust (NYSE:KRG) Position Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 44.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 61,784 shares of the real estate investment trust's stock after selling 48,558 shares during the period. Teacher Retirement System of Texas' holdings in Kite Realty Group Trust were worth $1,382,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new position in Kite Realty Group Trust in the 1st quarter valued at about $25,000. New York State Teachers Retirement System grew its position in Kite Realty Group Trust by 5.8% in the 1st quarter. New York State Teachers Retirement System now owns 386,812 shares of the real estate investment trust's stock valued at $8,653,000 after buying an additional 21,131 shares in the last quarter. KBC Group NV grew its position in Kite Realty Group Trust by 23.2% in the 1st quarter. KBC Group NV now owns 10,112 shares of the real estate investment trust's stock valued at $226,000 after buying an additional 1,902 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Kite Realty Group Trust by 332.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,509,886 shares of the real estate investment trust's stock valued at $33,776,000 after buying an additional 1,160,694 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Kite Realty Group Trust by 27.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 300,112 shares of the real estate investment trust's stock valued at $6,714,000 after buying an additional 65,000 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Price Performance

NYSE KRG traded up $0.02 on Friday, reaching $22.51. The company's stock had a trading volume of 1,291,954 shares, compared to its average volume of 1,719,844. Kite Realty Group Trust has a twelve month low of $18.52 and a twelve month high of $28.24. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $4.95 billion, a PE ratio of 321.50, a PEG ratio of 5.74 and a beta of 1.09. The firm's 50 day moving average is $22.46 and its two-hundred day moving average is $22.52.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a net margin of 1.59% and a return on equity of 0.41%. The company had revenue of $221.76 million during 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 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio is presently 1,542.86%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KRG shares. Raymond James Financial decreased their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Friday, May 23rd. Wall Street Zen lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Wells Fargo & Company decreased their target price 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. Finally, UBS Group started coverage on shares of Kite Realty Group Trust in a report on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price target for the company. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.22.

Kite Realty Group Trust Company 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.