Worth Venture Partners LLC Sells 4,300 Shares of Kite Realty Group Trust (KRG)

Worth Venture Partners LLC lowered its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 17.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,051 shares of the real estate investment trust’s stock after selling 4,300 shares during the quarter. Worth Venture Partners LLC’s holdings in Kite Realty Group Trust were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of KRG. OppenheimerFunds Inc. increased its position in shares of Kite Realty Group Trust by 45.9% during the first quarter. OppenheimerFunds Inc. now owns 13,871 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 4,366 shares during the period. Teachers Advisors LLC increased its position in shares of Kite Realty Group Trust by 17.7% during the first quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock worth $3,478,000 after acquiring an additional 24,319 shares during the period. Geode Capital Management LLC increased its position in shares of Kite Realty Group Trust by 2.9% during the first quarter. Geode Capital Management LLC now owns 769,531 shares of the real estate investment trust’s stock worth $16,544,000 after acquiring an additional 21,921 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kite Realty Group Trust by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,160,603 shares of the real estate investment trust’s stock worth $24,953,000 after acquiring an additional 52,057 shares during the period. Finally, State Street Corp increased its position in shares of Kite Realty Group Trust by 4.5% during the first quarter. State Street Corp now owns 3,290,453 shares of the real estate investment trust’s stock worth $70,744,000 after acquiring an additional 140,955 shares during the period. 94.69% of the stock is currently owned by institutional investors and hedge funds.

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Kite Realty Group Trust (NYSE:KRG) traded down $0.27 during trading hours on Tuesday, reaching $19.07. The company had a trading volume of 695,900 shares, compared to its average volume of 741,644. The stock has a market capitalization of $1,616.71, a price-to-earnings ratio of 9.48, a PEG ratio of 2.04 and a beta of 0.62. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $25.44.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $87.10 million for the quarter, compared to analyst estimates of $88.16 million. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. Kite Realty Group Trust’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

A number of research firms have recently weighed in on KRG. ValuEngine raised Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price objective on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. Zacks Investment Research lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $25.33.

About Kite Realty Group Trust

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

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

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