Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC raised its position in Kite Realty Group Trust (NYSE:KRG) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,708 shares of the real estate investment trust’s stock after purchasing an additional 2,889 shares during the quarter. Inspire Investing LLC’s holdings in Kite Realty Group Trust were worth $497,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in Kite Realty Group Trust by 819.0% in the third quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 950 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Kite Realty Group Trust during the 1st quarter worth about $42,000. GAMMA Investing LLC raised its holdings in Kite Realty Group Trust by 158.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,204 shares during the period. Quarry LP lifted its position in Kite Realty Group Trust by 108.4% in the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,167 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in Kite Realty Group Trust during the first quarter worth about $52,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kite Realty Group Trust

In related news, Director Steven P. Grimes sold 37,295 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 732,252 shares of the company’s stock, valued at $19,624,353.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Stock Down 0.1 %

Shares of NYSE KRG opened at $25.57 on Tuesday. The stock has a market cap of $5.62 billion, a P/E ratio of 98.35, a PEG ratio of 3.93 and a beta of 1.29. The business’s fifty day simple moving average is $25.74 and its 200-day simple moving average is $23.25. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $27.15. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.88.

Kite Realty Group Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.04 dividend on an annualized basis and a yield of 4.07%. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.25. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 400.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KRG shares. Compass Point boosted their price target on shares of Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. 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 note on Friday, August 16th. KeyCorp lifted their price objective 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. Wells Fargo & Company raised Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $23.00 to $26.00 in a research note on Wednesday, August 28th. 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 report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.