Xponance Inc. Sells 1,979 Shares of Kite Realty Group Trust (NYSE:KRG)

Xponance Inc. lessened its holdings in Kite Realty Group Trust (NYSE:KRG) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,540 shares of the real estate investment trust’s stock after selling 1,979 shares during the period. Xponance Inc.’s holdings in Kite Realty Group Trust were worth $661,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KRG. Pineridge Advisors LLC purchased a new position in shares of Kite Realty Group Trust in the 4th quarter worth approximately $39,000. Fidelis Capital Partners LLC bought a new stake in shares of Kite Realty Group Trust in the 1st quarter worth about $42,000. GAMMA Investing LLC grew its holdings in Kite Realty Group Trust by 158.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,204 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Kite Realty Group Trust in the 1st quarter worth about $52,000. Finally, EntryPoint Capital LLC lifted its stake in Kite Realty Group Trust by 109.6% in the first quarter. EntryPoint Capital LLC now owns 2,744 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling

In other Kite Realty Group Trust news, Director Steven P. Grimes sold 37,295 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.80, for a total value of $999,506.00. Following the completion of the transaction, the director now directly owns 732,252 shares in the company, valued at $19,624,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Kite Realty Group Trust Stock Up 0.3 %

Shares of Kite Realty Group Trust stock opened at $26.25 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 100.96, a PEG ratio of 4.06 and a beta of 1.29. The firm’s 50-day moving average is $25.38 and its two-hundred day moving average is $22.86. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $27.15.

Kite Realty Group Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 9th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.96%. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, October 9th. Kite Realty Group Trust’s payout ratio is presently 400.00%.

Analyst Ratings Changes

A number of research firms have recently commented on KRG. KeyCorp upped their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Compass Point increased their target price on Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Robert W. Baird raised their price target on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler boosted 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 report on Tuesday, September 3rd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.