Natixis Advisors LLC Has $1.84 Million Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Natixis Advisors LLC grew its holdings in Kite Realty Group Trust (NYSE:KRG) by 14.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 69,142 shares of the real estate investment trust’s stock after purchasing an additional 8,645 shares during the quarter. Natixis Advisors LLC’s holdings in Kite Realty Group Trust were worth $1,836,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KRG. Land & Buildings Investment Management LLC bought a new position in Kite Realty Group Trust in the second quarter valued at about $22,277,000. APG Asset Management US Inc. bought a new stake in shares of Kite Realty Group Trust during the 2nd quarter valued at approximately $16,665,000. F M Investments LLC acquired a new position in Kite Realty Group Trust during the 2nd quarter worth approximately $10,164,000. Lighthouse Investment Partners LLC increased its position in Kite Realty Group Trust by 157.9% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 735,000 shares of the real estate investment trust’s stock worth $16,449,000 after purchasing an additional 450,000 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Kite Realty Group Trust by 17.7% in the 2nd quarter. Millennium Management LLC now owns 2,566,016 shares of the real estate investment trust’s stock valued at $57,427,000 after purchasing an additional 386,566 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird boosted 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 note on Friday, November 15th. KeyCorp boosted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Raymond James upgraded Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research report on Friday, August 16th. Wells Fargo & Company raised Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Finally, Piper Sandler upped their price objective on 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. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.86.

Kite Realty Group Trust Trading Up 0.3 %

NYSE KRG opened at $27.48 on Tuesday. The firm has a market capitalization of $6.04 billion, a PE ratio of -685.00, a price-to-earnings-growth ratio of 3.81 and a beta of 1.29. The business’s 50-day moving average price is $26.40 and its two-hundred day moving average price is $24.40. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $27.94.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 9th will be issued a $0.27 dividend. The ex-dividend date is Thursday, January 9th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.93%. Kite Realty Group Trust’s dividend payout ratio is presently -2,600.00%.

Insider Buying and Selling at Kite Realty Group Trust

In other Kite Realty Group Trust news, Director Steven P. Grimes sold 37,295 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.80, for a total transaction of $999,506.00. Following the sale, the director now owns 732,252 shares of the company’s stock, valued at approximately $19,624,353.60. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Company 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.