Teachers Insurance & Annuity Association of America Continues to Hold Stake in Kite Realty Group Trust (KRG)

Teachers Insurance & Annuity Association of America held its position in Kite Realty Group Trust (NYSE:KRG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,474 shares of the real estate investment trust’s stock at the end of the first quarter. Teachers Insurance & Annuity Association of America owned approximately 0.10% of Kite Realty Group Trust worth $1,859,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kite Realty Group Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock valued at $293,034,000 after buying an additional 346,198 shares in the last quarter. BlackRock Inc. increased its stake in shares of Kite Realty Group Trust by 9,657.3% in the first quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock worth $265,241,000 after buying an additional 12,210,338 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Kite Realty Group Trust by 415.9% in the first quarter. Principal Financial Group Inc. now owns 3,411,740 shares of the real estate investment trust’s stock worth $73,352,000 after buying an additional 2,750,414 shares in the last quarter. State Street Corp raised its position in Kite Realty Group Trust by 4.5% in 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 buying an additional 140,955 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Kite Realty Group Trust by 5.6% in the first quarter. American Century Companies Inc. now owns 1,480,128 shares of the real estate investment trust’s stock worth $31,823,000 after buying an additional 78,176 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors.

Shares of Kite Realty Group Trust (NYSE:KRG) traded up 1.03% during trading on Wednesday, reaching $18.57. 195,544 shares of the company traded hands. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $30.45. The firm’s market capitalization is $1.55 billion. The firm has a 50-day moving average price of $18.66 and a 200-day moving average price of $21.42.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $88.31 million. Kite Realty Group Trust had a return on equity of 0.01% and a net margin of 0.05%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that Kite Realty Group Trust will post ($0.05) EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.3025 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 6.58%.

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Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Saturday, July 1st. BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC decreased their price target on Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Kite Realty Group Trust has a consensus rating of “Buy” and an average target price of $26.86.

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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