Creative Planning Raises Holdings in Kite Realty Group Trust (NYSE:KRG)

Creative Planning increased its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,784 shares of the real estate investment trust’s stock after acquiring an additional 1,634 shares during the quarter. Creative Planning’s holdings in Kite Realty Group Trust were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Marcum Wealth LLC increased its position in shares of Kite Realty Group Trust by 1.4% in the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock valued at $1,085,000 after acquiring an additional 571 shares during the period. United Services Automobile Association increased its holdings in Kite Realty Group Trust by 4.6% during the 2nd quarter. United Services Automobile Association now owns 17,781 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 777 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Kite Realty Group Trust by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 62,353 shares of the real estate investment trust’s stock worth $1,352,000 after buying an additional 900 shares during the period. UMB Bank n.a. grew its position in shares of Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 950 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Kite Realty Group Trust by 42.7% during the second quarter. Blue Trust Inc. now owns 3,314 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 992 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kite Realty Group Trust

In related 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 value of $999,506.00. Following the completion of the transaction, the director now owns 732,252 shares of the company’s stock, valued at approximately $19,624,353.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

KRG has been the subject of several research analyst reports. Raymond James raised shares of 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. 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 report on Wednesday, September 4th. Wells Fargo & Company upgraded 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 report on Wednesday, August 28th. Robert W. Baird increased their price objective on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, KeyCorp boosted their target price on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG opened at $26.51 on Tuesday. The firm’s 50-day moving average price is $26.09 and its 200-day moving average price is $23.83. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $27.15. The company has a market cap of $5.82 billion, a PE ratio of -662.75, a PEG ratio of 3.91 and a beta of 1.29. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be given a $0.27 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Thursday, January 9th. Kite Realty Group Trust’s dividend payout ratio is presently -2,600.00%.

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.