Cambiar Investors LLC Sells 157,435 Shares of Kite Realty Group Trust (KRG)

Cambiar Investors LLC decreased its position in Kite Realty Group Trust (NYSE:KRG) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 544,177 shares of the real estate investment trust’s stock after selling 157,435 shares during the period. Cambiar Investors LLC owned 0.65% of Kite Realty Group Trust worth $11,020,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 557 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Kite Realty Group Trust by 64.1% in the second quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 2,627 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Kite Realty Group Trust by 14.4% in the second quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 850 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Kite Realty Group Trust by 17.1% in the second quarter. Daiwa Securities Group Inc. now owns 7,525 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.

Several equities analysts recently issued reports on the company. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. ValuEngine upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Friday, October 6th. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 price target on shares of Kite Realty Group Trust in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.33.

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

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

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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.

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

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