Sorin Capital Management Has Lowered Its Stake in Kite Realty Group Trust (KRG) by $1.37 Million as Stock Declined; Toronto Dominion Bk Ont Com Ne (TD) Shareholder Miller Howard Investments Has Decreased Its Holding by $5.75 Million

April 14, 2018 - By Vivian Park

Sorin Capital Management Llc decreased its stake in Kite Realty Group Trust (KRG) by 7.46% based on its latest 2017Q4 regulatory filing with the SEC. Sorin Capital Management Llc sold 71,938 shares as the company’s stock declined 22.72% with the market. The institutional investor held 892,869 shares of the real estate investment trusts company at the end of 2017Q4, valued at $17.50M, down from 964,807 at the end of the previous reported quarter. Sorin Capital Management Llc who had been investing in Kite Realty Group Trust for a number of months, seems to be less bullish one the $1.27 billion market cap company. The stock decreased 0.27% or $0.04 during the last trading session, reaching $14.87. About 543,566 shares traded. Kite Realty Group Trust (NYSE:KRG) has declined 28.57% since April 14, 2017 and is downtrending. It has underperformed by 40.12% the S&P500.

Miller Howard Investments Inc decreased its stake in Toronto Dominion Bk Ont Com Ne (TD) by 7.61% based on its latest 2017Q4 regulatory filing with the SEC. Miller Howard Investments Inc sold 99,193 shares as the company’s stock declined 1.92% with the market. The institutional investor held 1.20M shares of the commercial banks company at the end of 2017Q4, valued at $70.52M, down from 1.30M at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Toronto Dominion Bk Ont Com Ne for a number of months, seems to be less bullish one the $99.72 billion market cap company. The stock decreased 0.70% or $0.39 during the last trading session, reaching $55.44. About 997,001 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 15.54% since April 14, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Miller Howard Investments Inc, which manages about $6.68 billion and $4.60 billion US Long portfolio, upped its stake in Verizon Communications Inc Com (NYSE:VZ) by 1.34M shares to 2.06 million shares, valued at $109.19M in 2017Q4, according to the filing. It also increased its holding in Total S A Sponsored Adr (NYSE:TOT) by 1.05 million shares in the quarter, for a total of 1.07M shares, and has risen its stake in Eaton Corp Plc Shs (NYSE:ETN).

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on May, 24. They expect $1.16 earnings per share, up 16.00% or $0.16 from last year’s $1 per share. TD’s profit will be $2.09 billion for 11.95 P/E if the $1.16 EPS becomes a reality. After $1.23 actual earnings per share reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -5.69% negative EPS growth.

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, March 13. The rating was initiated by Bank of America with “Buy” on Tuesday, November 1. As per Friday, August 26, the company rating was downgraded by IBC. The firm has “Buy” rating by Citigroup given on Wednesday, September 14. The stock has “Buy” rating by Bank of America on Tuesday, January 30. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, August 31 report. The firm has “Outperform” rating given on Friday, August 28 by RBC Capital Markets. The rating was upgraded by Credit Suisse on Tuesday, May 3 to “Outperform”. The firm has “Equal-Weight” rating given on Tuesday, May 23 by Barclays Capital. The rating was downgraded by Credit Suisse to “Neutral” on Monday, September 21.

Among 12 analysts covering Kite Realty Group Trust (NYSE:KRG), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Kite Realty Group Trust had 25 analyst reports since September 3, 2015 according to SRatingsIntel. On Monday, November 27 the stock rating was maintained by Robert W. Baird with “Buy”. The firm earned “Buy” rating on Tuesday, March 20 by Robert W. Baird. The rating was upgraded by Hilliard Lyons on Monday, October 31 to “Buy”. Stifel Nicolaus downgraded the shares of KRG in report on Monday, December 12 to “Hold” rating. The firm earned “Overweight” rating on Friday, July 22 by Barclays Capital. The firm has “Strong Buy” rating by Raymond James given on Thursday, September 3. The stock of Kite Realty Group Trust (NYSE:KRG) has “Neutral” rating given on Tuesday, February 6 by Citigroup. As per Friday, September 22, the company rating was maintained by KeyBanc Capital Markets. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Buy”. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Thursday, December 17.

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.18, from 1.18 in 2017Q3. It increased, as 14 investors sold KRG shares while 61 reduced holdings. 32 funds opened positions while 70 raised stakes. 74.98 million shares or 1.45% less from 76.09 million shares in 2017Q3 were reported. Texas Permanent School Fund accumulated 56,507 shares or 0.01% of the stock. Envestnet Asset Management, a Illinois-based fund reported 26,848 shares. Stephens Ar accumulated 21,012 shares. Quantbot Lp reported 31,121 shares stake. Amundi Pioneer Asset Mgmt holds 0% of its portfolio in Kite Realty Group Trust (NYSE:KRG) for 56,950 shares. Dupont Cap Management Corporation reported 13,061 shares or 0.01% of all its holdings. Moreover, Balyasny Asset Management Ltd Liability Corporation has 0% invested in Kite Realty Group Trust (NYSE:KRG) for 20,666 shares. 47,525 were accumulated by Citadel Advisors Ltd. 52,948 are held by Public Sector Pension Board. Vestor Ltd Com owns 15,986 shares. Stratos Wealth Partners Limited invested in 7,771 shares or 0.01% of the stock. Davis Selected Advisers owns 139,687 shares or 0.01% of their US portfolio. Royal Savings Bank Of Canada holds 0% or 21,003 shares. Asset Mgmt One Limited reported 0.01% in Kite Realty Group Trust (NYSE:KRG). Shell Asset stated it has 0.02% of its portfolio in Kite Realty Group Trust (NYSE:KRG).

Analysts await Kite Realty Group Trust (NYSE:KRG) to report earnings on April, 25. They expect $0.48 earnings per share, down 5.88% or $0.03 from last year’s $0.51 per share. KRG’s profit will be $41.06 million for 7.74 P/E if the $0.48 EPS becomes a reality. After $0.50 actual earnings per share reported by Kite Realty Group Trust for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

Since December 18, 2017, it had 4 insider buys, and 1 sale for $1.48 million activity. $200,784 worth of Kite Realty Group Trust (NYSE:KRG) shares were bought by Peterson Barton R. 1,000 shares valued at $14,650 were bought by Daniels Lee A on Tuesday, February 13. The insider BINDLEY WILLIAM E bought $1.51M. On Monday, December 18 the insider Kite John A sold $341,530.

Sorin Capital Management Llc, which manages about $829.38 million and $312.87 million US Long portfolio, upped its stake in Owens Realty Mortgage Inc (NYSEMKT:ORM) by 32,350 shares to 307,985 shares, valued at $4.93M in 2017Q4, according to the filing.

By1 Vivian Park