Trade Report: The Capital Fund Management S.A. reduces its investment in Kite Realty Group Trust (KRG)

The Capital Fund Management S.A. reduces its investment in Kite Realty Group Trust (KRG)

Capital Fund Management S.A. lowered its position in Kite Realty Group Trust (NYSE:KRG) by 39.0% during the second quarter, Holdings Channel reports. The firm owned 22,400 shares of the company’s stock after selling 14,300 shares during the period. Capital Fund Management S.A.’s holdings in Kite Realty Group Trust were worth $628,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Japan Co. Ltd boosted its stake in Kite Realty Group Trust by 2.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,476 shares of the company’s stock worth $124,000 after buying an additional 123 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in Kite Realty Group Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,594 shares of the company’s stock worth $157,000 after buying an additional 15 shares during the period. GWM Advisors LLC purchased a new stake in Kite Realty Group Trust during the second quarter worth $210,000. Fox Run Management L.L.C. purchased a new stake in Kite Realty Group Trust during the second quarter worth $350,000. Finally, Aperio Group LLC purchased a new stake in Kite Realty Group Trust during the first quarter worth $390,000. 91.15% of the stock is currently owned by institutional investors.

Kite Realty Group Trust (NYSE:KRG) traded up 1.15% during trading on Wednesday, hitting $26.29. 350,098 shares of the stock traded hands. The stock has a market cap of $2.19 billion, a P/E ratio of 525.80 and a beta of 0.80. The firm’s 50-day moving average is $27.97 and its 200 day moving average is $27.94. Kite Realty Group Trust has a 52 week low of $23.75 and a 52 week high of $30.45.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.88%. The business earned $87.58 million during the quarter, compared to analysts’ expectations of $87.30 million. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts forecast that Kite Realty Group Trust will post $2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, October 6th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. Kite Realty Group Trust’s dividend payout ratio is 1,916.99%.

A number of analysts recently weighed in on KRG shares. BTIG Research started coverage on shares of Kite Realty Group Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a report on Tuesday, July 26th. Barclays PLC assumed coverage on shares of Kite Realty Group Trust in a research report on Friday, July 22nd. They issued an “overweight” rating and a $33.00 target price for the company. Finally, Hilliard Lyons lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $32.00.

In related news, CAO Thomas R. Olinger sold 5,500 shares of Kite Realty Group Trust stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $30.22, for a total value of $166,210.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,540 shares of the company’s stock, valued at $348,738.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel R. Sink sold 16,625 shares of Kite Realty Group Trust stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $29.95, for a total value of $497,918.75. Following the completion of the transaction, the vice president now directly owns 84,498 shares of the company’s stock, valued at $2,530,715.10. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States.

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