Kite Realty Group Trust (NYSE:KRG) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 118.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,384 shares of the real estate investment trust’s stock after acquiring an additional 67,542 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.06% of Kite Realty Group Trust worth $2,784,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Pineridge Advisors LLC bought a new stake in Kite Realty Group Trust in the 4th quarter valued at $39,000. Fidelis Capital Partners LLC acquired a new position in Kite Realty Group Trust during the 1st quarter valued at about $42,000. GAMMA Investing LLC lifted its position 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 period. SageView Advisory Group LLC acquired a new stake in shares of Kite Realty Group Trust in the 1st quarter valued at approximately $52,000. Finally, EntryPoint Capital LLC raised its position in shares of Kite Realty Group Trust by 109.6% in the 1st quarter. EntryPoint Capital LLC now owns 2,744 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,435 shares during the period. Institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at Kite Realty Group Trust

In other news, Director Steven P. Grimes sold 37,295 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $26.80, for a total transaction of $999,506.00. Following the transaction, the director now directly owns 732,252 shares in the company, valued at approximately $19,624,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Stock Up 0.3 %

Shares of NYSE:KRG opened at $26.25 on Monday. The company has a market capitalization of $5.76 billion, a PE ratio of 100.96, a price-to-earnings-growth ratio of 4.06 and a beta of 1.29. 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 business has a fifty day moving average price of $25.38 and a two-hundred day moving average price of $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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.04 annualized dividend and a dividend yield of 3.96%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.25. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 400.00%.

Wall Street Analysts Forecast Growth

KRG has been the subject of several research reports. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the stock 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 price target on the stock in a research report on Friday, August 16th. Robert W. Baird lifted their target price on Kite Realty Group Trust from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. KeyCorp boosted their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Compass Point boosted their price target on Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Three equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.