Chilton Capital Management buys $16,539,038 stake in Kite Realty Group Trust (KRG)

Kite Realty Group Trust (KRG) : Chilton Capital Management scooped up 6,035 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 Aug 15, 2016. The investment management firm now holds a total of 564,665 shares of Kite Realty Group Trust which is valued at $16,539,038.Kite Realty Group Trust makes up approximately 1.56% of Chilton Capital Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in KRG by selling 1,027,294 shares or 98.9% in the most recent quarter. The Hedge Fund company now holds 11,420 shares of KRG which is valued at $334,492.Parametric Portfolio Associates reduced its stake in KRG by selling 6,375 shares or 7.57% in the most recent quarter. The Hedge Fund company now holds 77,850 shares of KRG which is valued at $2,280,227. Cbre Clarion Securities sold out all of its stake in KRG during the most recent quarter. The investment firm sold 1,886,061 shares of KRG which is valued $55,242,727.Teachers Advisors Inc boosted its stake in KRG in the latest quarter, The investment management firm added 10,506 additional shares and now holds a total of 132,066 shares of Kite Realty Group Trust which is valued at $3,868,213. Kite Realty Group Trust makes up approx 0.01% of Teachers Advisors Inc’s portfolio. Manning Napier Advisors sold out all of its stake in KRG during the most recent quarter. The investment firm sold 177,301 shares of KRG which is valued $5,232,153.

Kite Realty Group Trust closed down -0.14 points or -0.48% at $28.74 with 3,74,261 shares getting traded on Thursday. Post opening the session at $28.85, the shares hit an intraday low of $28.59 and an intraday high of $28.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Kite Realty Group Trust reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.51. The company had revenue of $87.57 million for the quarter, compared to analysts expectations of $87.38 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Investors should note that on Aug 11, 2016, Kite Realty Group Trust announced a cash dividend of $0.2875. The company’s management has announced Oct 4, 2016 as the ex-dividend date and fixed the record date on Oct 6, 2016. The payable date has been fixed on Oct 13, 2016.

Many Wall Street Analysts have commented on Kite Realty Group Trust. Kite Realty Group Trust was Downgraded by Hilliard Lyons to ” Neutral” on Aug 1, 2016. Barclays Initiated Kite Realty Group Trust on Jul 22, 2016 to “Overweight”, 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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