US Bancorp DE Has $1.34 Million Position in Kite Realty Group Trust (NYSE:KRG)

US Bancorp DE lifted its holdings in Kite Realty Group Trust (NYSE:KRG) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,397 shares of the real estate investment trust’s stock after purchasing an additional 4,734 shares during the period. US Bancorp DE’s holdings in Kite Realty Group Trust were worth $1,339,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in shares of Kite Realty Group Trust by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock worth $3,408,000 after purchasing an additional 484 shares during the period. Marcum Wealth LLC increased its stake 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 worth $1,085,000 after purchasing an additional 571 shares during the period. Legacy Wealth Asset Management LLC increased its stake in shares of Kite Realty Group Trust by 2.9% in the third quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 671 shares during the period. United Services Automobile Association increased its stake in shares of Kite Realty Group Trust by 4.6% in the second quarter. United Services Automobile Association now owns 17,781 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 777 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in shares of Kite Realty Group Trust by 1.5% in the first quarter. UniSuper Management Pty Ltd now owns 62,353 shares of the real estate investment trust’s stock worth $1,352,000 after purchasing an additional 900 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird lifted their target price on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. KeyCorp lifted their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $23.00 to $26.00 in a research report on Wednesday, August 28th. Compass Point lifted 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. Finally, Raymond James raised 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 report on Friday, August 16th. Three 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, Kite Realty Group Trust has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Kite Realty Group Trust Stock Up 0.3 %

NYSE KRG opened at $27.13 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average is $26.16 and its two-hundred day moving average is $23.92. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of -678.25, a PEG ratio of 4.04 and a beta of 1.29. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $27.94.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.98%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 9th. Kite Realty Group Trust’s payout ratio is presently -2,600.00%.

Insider Buying and Selling at Kite Realty Group Trust

In other news, Director Steven P. Grimes sold 37,295 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 732,252 shares of the company’s stock, valued at $19,624,353.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

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.