Natixis Advisors LLC Buys 8,645 Shares of Kite Realty Group Trust (NYSE:KRG)

Natixis Advisors LLC lifted its position in Kite Realty Group Trust (NYSE:KRG) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,142 shares of the real estate investment trust’s stock after buying an additional 8,645 shares during the quarter. Natixis Advisors LLC’s holdings in Kite Realty Group Trust were worth $1,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners bought a new position in shares of Kite Realty Group Trust in the 1st quarter valued at about $752,000. Systematic Financial Management LP grew its holdings in Kite Realty Group Trust by 34.0% during the second quarter. Systematic Financial Management LP now owns 688,575 shares of the real estate investment trust’s stock worth $15,410,000 after purchasing an additional 174,797 shares during the period. Thrivent Financial for Lutherans grew its holdings in Kite Realty Group Trust by 118.8% during the second quarter. Thrivent Financial for Lutherans now owns 124,384 shares of the real estate investment trust’s stock worth $2,784,000 after purchasing an additional 67,542 shares during the period. Versor Investments LP acquired a new position in Kite Realty Group Trust during the third quarter worth approximately $537,000. Finally, Mutual of America Capital Management LLC raised its stake in Kite Realty Group Trust by 12.8% in the second quarter. Mutual of America Capital Management LLC now owns 315,327 shares of the real estate investment trust’s stock valued at $7,057,000 after buying an additional 35,721 shares during the period. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KRG has been the topic of a number of recent analyst reports. Piper Sandler boosted their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Raymond James raised shares of Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research report on Friday, August 16th. Compass Point raised their target price on shares of 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 upgraded shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Finally, KeyCorp raised their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.86.

Kite Realty Group Trust Stock Performance

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

Kite Realty Group Trust Increases Dividend

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

Insider Buying and Selling

In related news, Director Steven P. Grimes sold 37,295 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 owns 732,252 shares of the company’s stock, valued at $19,624,353.60. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.

About Kite Realty Group Trust

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.