Kite Realty Group Trust (NYSE:KRG) Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 182.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,861 shares of the real estate investment trust’s stock after acquiring an additional 42,518 shares during the quarter. Intech Investment Management LLC’s holdings in Kite Realty Group Trust were worth $1,749,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of Kite Realty Group Trust by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock valued at $3,408,000 after purchasing an additional 484 shares in the last quarter. Marcum Wealth LLC boosted its holdings in Kite Realty Group Trust by 1.4% during the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after buying an additional 571 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in Kite Realty Group Trust by 2.9% in the third quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock worth $629,000 after buying an additional 671 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Kite Realty Group Trust by 4.6% in the second quarter. United Services Automobile Association now owns 17,781 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 777 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Kite Realty Group Trust by 4.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 22,400 shares of the real estate investment trust’s stock valued at $595,000 after acquiring an additional 910 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Compass Point lifted their target price on Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Piper Sandler upped their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Robert W. Baird lifted their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Raymond James upgraded shares of Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Friday, August 16th. Finally, Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $23.00 to $26.00 in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.86.

Kite Realty Group Trust Stock Up 0.3 %

Kite Realty Group Trust stock opened at $27.48 on Tuesday. The firm’s 50 day moving average price is $26.40 and its two-hundred day moving average price is $24.40. The firm has a market cap of $6.04 billion, a PE ratio of -687.00, a P/E/G ratio of 3.81 and a beta of 1.29. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $27.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.93%. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, January 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently -2,600.00%.

Insider Buying and Selling at Kite Realty Group Trust

In other news, Director Steven P. Grimes sold 37,295 shares of Kite Realty Group Trust stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $26.80, for a total transaction of $999,506.00. Following the completion of the sale, the director now directly owns 732,252 shares in the company, valued at $19,624,353.60. The trade was a 4.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.