Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in Kite Realty Group Trust (NYSE:KRG) by 105.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,150 shares of the real estate investment trust’s stock after purchasing an additional 24,679 shares during the quarter. Cerity Partners LLC’s holdings in Kite Realty Group Trust were worth $1,279,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Kite Realty Group Trust by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 137,186 shares of the real estate investment trust’s stock worth $2,975,000 after purchasing an additional 8,353 shares during the period. Boston Partners acquired a new position in Kite Realty Group Trust during the 1st quarter worth about $752,000. GAMMA Investing LLC lifted its stake 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 worth $44,000 after acquiring an additional 1,204 shares in the last quarter. SG Americas Securities LLC lifted its stake in Kite Realty Group Trust by 13.4% during the 2nd quarter. SG Americas Securities LLC now owns 25,584 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Kite Realty Group Trust by 15.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,372 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 2,916 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Steven P. Grimes sold 37,295 shares of the business’s stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at $19,624,353.60. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Compass Point raised their price target 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. Robert W. Baird lifted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company upgraded Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Raymond James upgraded Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Friday, August 16th. Finally, Piper Sandler lifted their target price 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 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.86.

Kite Realty Group Trust Stock Down 0.8 %

Kite Realty Group Trust stock opened at $26.90 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The company has a market cap of $5.91 billion, a PE ratio of -672.50, a price-to-earnings-growth ratio of 3.76 and a beta of 1.28. The stock’s 50 day moving average price is $26.53 and its 200 day moving average price is $24.71.

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. The ex-dividend date of this dividend 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 4.01%. Kite Realty Group Trust’s payout ratio is currently -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.