Kite Realty Group Trust Holdings and Performance Analysis

PNC Financial Services Group Inc. Lowers Holdings in Kite Realty Group Trust

PNC Financial Services Group Inc. recently decreased its holdings in Kite Realty Group Trust by 18.7% in the 4th quarter, according to a recent 13F filing with the SEC. The institutional investor sold 1,317 shares, leaving them with 5,733 shares of the real estate investment trust’s stock valued at $131,000.

Other hedge funds have also made changes to their holdings in Kite Realty Group Trust. Duality Advisers LP acquired a new stake worth $973,000, while LSV Asset Management increased their stake by 33.4% to 917,000 shares. Charles Schwab Investment Management Inc. and Wellington Management Group LLP also made significant investments in the company.

Kite Realty Group Trust’s stock performance has been steady, with shares opening at $22.16 on Friday. The company has a market capitalization of $4.87 billion and a dividend yield of 4.51%. Analyst ratings for KRG have been mixed, with a consensus rating of “Hold” and a target price of $26.00.

Kite Realty Group Trust is a real estate investment trust based in Indianapolis, IN, with a focus on open-air shopping centers and mixed-use assets in high-growth markets. For more information on KRG and its latest financial reports, visit HoldingsChannel.com.