Real Estate Management Services buys $29,936,469 stake in Kite Realty Group Trust (KRG)

Kite Realty Group Trust (KRG) : Real Estate Management Services scooped up 36,450 additional shares in Kite Realty Group Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 1,059,698 shares of Kite Realty Group Trust which is valued at $29,936,469.Kite Realty Group Trust makes up approximately 4.77% of Real Estate Management Services’s portfolio.

Kite Realty Group Trust closed down -0.13 points or -0.46% at $28.12 with 1,75,414 shares getting traded on Monday. Post opening the session at $28.25, the shares hit an intraday low of $28 and an intraday high of $28.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in KRG in the latest quarter, The investment management firm added 265 additional shares and now holds a total of 5,579 shares of Kite Realty Group Trust which is valued at $157,607. Kite Realty Group Trust makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Breton Hill Capital Ltd. boosted its stake in KRG in the latest quarter, The investment management firm added 3,074 additional shares and now holds a total of 13,865 shares of Kite Realty Group Trust which is valued at $391,686. Kite Realty Group Trust makes up approx 0.14% of Breton Hill Capital Ltd.’s portfolio.Gofen Glossberg Il boosted its stake in KRG in the latest quarter, The investment management firm added 356 additional shares and now holds a total of 37,996 shares of Kite Realty Group Trust which is valued at $1,073,387. Kite Realty Group Trust makes up approx 0.05% of Gofen Glossberg Il’s portfolio.Eagle Asset Management Inc reduced its stake in KRG by selling 3,541 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 642,498 shares of KRG which is valued at $17,655,845. Kite Realty Group Trust makes up approx 0.12% of Eagle Asset Management Inc’s portfolio.Creative Planning boosted its stake in KRG in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 437 shares of Kite Realty Group Trust which is valued at $12,009.

On the company’s financial health, Kite Realty Group Trust reported $0.50 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $89.30 million for the quarter, compared to analysts expectations of $86.44 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Kite Realty Group Trust. DA Davidson Initiated Kite Realty Group Trust on Apr 1, 2016 to “Buy”, Price Target of the shares are set at $33.

Kite Realty Group Trust is a full-service vertically integrated real estate company engaged in the ownership and operation acquisition development and redevelopment of neighborhood and community shopping centers in the United States. The Company conducts all of its business through its operating partnership Kite Realty Group L.P. (KRG). The Company held a 98.1% interest in KRG with limited partners owning the remaining 1.9%. The Company owns interests in 118 retail operating properties totaling approximately 23.9 million square feet of gross leasable area (including approximately 7.7 million square feet of non-owned anchor space) located in 26 states. Its retail operating portfolio was 94.8% leased to a diversified retail tenant base with no single retail tenant accounting for more than 3.4% of its total annualized base rent.

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