Presima Cut Holding in Kite Rlty Group Tr (KRG) by $18.84 Million; As Facebook (FB) Stock Price Rose, Holder Crosslink Capital Has Increased Its Position

February 19, 2018 - By Nellie Frank

Seymour Sy Kaufman increased its stake in Facebook (FB) by 21.4% based on its latest 2017Q3 regulatory filing with the SEC. Crosslink Capital Inc bought 28,050 shares as the company’s stock rose 10.88% with the market. The hedge fund run by Seymour Sy Kaufman held 159,100 shares of the technology company at the end of 2017Q3, valued at $27.19M, up from 131,050 at the end of the previous reported quarter. Crosslink Capital Inc who had been investing in Facebook for a number of months, seems to be bullish on the $515.23B market cap company. The stock decreased 1.44% or $2.6 during the last trading session, reaching $177.36. About 21.02M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 19, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Presima Inc decreased its stake in Kite Rlty Group Tr (KRG) by 88% based on its latest 2017Q3 regulatory filing with the SEC. Presima Inc sold 941,975 shares as the company’s stock declined 18.29% while stock markets rallied. The institutional investor held 128,500 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.60M, down from 1.07M at the end of the previous reported quarter. Presima Inc who had been investing in Kite Rlty Group Tr for a number of months, seems to be less bullish one the $1.33 billion market cap company. The stock increased 3.68% or $0.55 during the last trading session, reaching $15.48. About 1.13 million shares traded or 49.20% up from the average. Kite Realty Group Trust (NYSE:KRG) has declined 27.51% since February 19, 2017 and is downtrending. It has underperformed by 44.21% the S&P500.

Since December 18, 2017, it had 4 insider purchases, and 1 sale for $1.48 million activity. 6,600 shares were bought by WURTZEBACH CHARLES H, worth $96,690. 1,000 Kite Realty Group Trust (NYSE:KRG) shares with value of $14,650 were bought by Daniels Lee A. The insider Peterson Barton R bought 13,350 shares worth $200,784. $1.51M worth of stock was bought by BINDLEY WILLIAM E on Monday, February 5.

Presima Inc, which manages about $1.11B and $754.13M US Long portfolio, upped its stake in Welltower Inc by 31,700 shares to 547,700 shares, valued at $38.49M in 2017Q3, according to the filing. It also increased its holding in Hudson Pac Pptys Inc (NYSE:HPP) by 283,200 shares in the quarter, for a total of 1.94 million shares, and has risen its stake in Invitation Homes Inc.

Among 11 analysts covering Kite Realty Group Trust (NYSE:KRG), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Kite Realty Group Trust had 23 analyst reports since September 3, 2015 according to SRatingsIntel. Raymond James upgraded the shares of KRG in report on Thursday, September 3 to “Strong Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, August 22. As per Monday, October 23, the company rating was maintained by KeyBanc Capital Markets. The company was downgraded on Thursday, January 7 by Robert W. Baird. The company was maintained on Monday, November 27 by Robert W. Baird. The stock has “Outperform” rating by Robert W. Baird on Monday, March 13. Citigroup downgraded the shares of KRG in report on Tuesday, December 13 to “Neutral” rating. As per Monday, December 12, the company rating was downgraded by Stifel Nicolaus. The firm has “Neutral” rating given on Monday, February 5 by DA Davidson. The rating was downgraded by Capital One to “Equal-Weight” on Monday, February 5.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.07, from 1.11 in 2017Q2. It is positive, as 14 investors sold KRG shares while 64 reduced holdings. 26 funds opened positions while 66 raised stakes. 76.09 million shares or 1.98% less from 77.63 million shares in 2017Q2 were reported. State Common Retirement Fund reported 87,800 shares. Parametric Assoc Ltd Liability reported 0.01% in Kite Realty Group Trust (NYSE:KRG). 10,951 are owned by Schroder Invest Mgmt. Westwood Hldgs holds 41,540 shares or 0.01% of its portfolio. Eii owns 23,707 shares. Fmr Limited Liability Corp reported 3.54 million shares. Raymond James & invested in 26,214 shares or 0% of the stock. Moreover, Jpmorgan Chase has 0% invested in Kite Realty Group Trust (NYSE:KRG) for 616,616 shares. Lpl Fin Limited Liability Co stated it has 0% of its portfolio in Kite Realty Group Trust (NYSE:KRG). Bb&T Ltd Company invested 0.01% of its portfolio in Kite Realty Group Trust (NYSE:KRG). Zurcher Kantonalbank (Zurich Cantonalbank) reported 40,479 shares stake. Citadel Advsr Ltd Limited Liability Company has 120,999 shares for 0% of their portfolio. Amer Gru accumulated 65,692 shares. Ontario – Canada-based Bank Of Montreal Can has invested 0% in Kite Realty Group Trust (NYSE:KRG). Invesco Limited reported 255,648 shares.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Suntrust Robinson on Monday, January 25 with “Buy”. The firm has “Buy” rating by Bank of America given on Thursday, February 1. As per Monday, July 24, the company rating was maintained by Canaccord Genuity. The firm has “Buy” rating given on Thursday, July 30 by Canaccord Genuity. The firm has “Buy” rating by Robert W. Baird given on Thursday, November 30. The firm has “Buy” rating given on Monday, July 24 by Bank of America. As per Thursday, October 12, the company rating was maintained by William Blair. The firm earned “Buy” rating on Thursday, April 28 by Jefferies. The rating was maintained by Piper Jaffray with “Overweight” on Thursday, January 28. The stock of Facebook, Inc. (NASDAQ:FB) earned “Outperform” rating by Credit Suisse on Monday, October 17.

Since August 21, 2017, it had 0 insider buys, and 34 insider sales for $515.32 million activity. The insider Zuckerberg Mark sold 254,525 shares worth $42.50M. $6.53M worth of Facebook, Inc. (NASDAQ:FB) was sold by Schroepfer Michael Todd on Tuesday, October 10. On Monday, August 21 the insider Cox Christopher K sold $2.67 million. FISCHER DAVID B. sold $2.75 million worth of Facebook, Inc. (NASDAQ:FB) on Thursday, August 24. 15,470 Facebook, Inc. (NASDAQ:FB) shares with value of $2.59M were sold by Wehner David M.. 640,754 Facebook, Inc. (NASDAQ:FB) shares with value of $109.70 million were sold by Koum Jan.

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By1 Nellie Frank

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