Kite Realty Group Trust (KRG) : Dalton Greiner Hartman Maher Co scooped up 84,326 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 Jul 13, 2016. The investment management firm now holds a total of 814,490 shares of Kite Realty Group Trust which is valued at $23,384,008.Kite Realty Group Trust makes up approximately 1.39% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in KRG in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 24,614 shares of Kite Realty Group Trust which is valued at $706,668. Kite Realty Group Trust makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in KRG in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 443 shares of Kite Realty Group Trust which is valued at $12,719. Kistler-tiffany Companies added KRG to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $366.
Kite Realty Group Trust opened for trading at $28.3 and hit $28.51 on the upside on Monday, eventually ending the session at $28.41, with a gain of 0.18% or 0.05 points. The heightened volatility saw the trading volume jump to 2,77,422 shares. Company has a market cap of $2,368 M.
On the company’s financial health, Kite Realty Group Trust reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.50. The company had revenue of $88.55 million for the quarter, compared to analysts expectations of $87.43 million. The company’s revenue was up 2.0% 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. Kite Realty Group Trust was Downgraded by Raymond James to ” Outperform” on May 2, 2016.
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.