Amalgamated Bank Sells 6,059 Shares of Kite Realty Group Trust (NYSE:KRG)

Amalgamated Bank decreased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 100,563 shares of the real estate investment trust’s stock after selling 6,059 shares during the period. Amalgamated Bank’s holdings in Kite Realty Group Trust were worth $2,671,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund Corp increased its stake in Kite Realty Group Trust by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 192,005 shares of the real estate investment trust’s stock valued at $4,163,000 after purchasing an additional 2,486 shares in the last quarter. Inspire Investing LLC increased its position in shares of Kite Realty Group Trust by 21.3% during the first quarter. Inspire Investing LLC now owns 20,229 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 3,559 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 49,851 shares of the real estate investment trust’s stock worth $1,081,000 after acquiring an additional 2,242 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Kite Realty Group Trust in the 1st quarter worth about $594,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Kite Realty Group Trust by 13.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 70,299 shares of the real estate investment trust’s stock valued at $1,471,000 after acquiring an additional 8,120 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Up 1.2 %

Shares of NYSE:KRG opened at $27.45 on Monday. The company has a market capitalization of $6.03 billion, a PE ratio of -686.25, a price-to-earnings-growth ratio of 4.19 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. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. The business has a fifty day moving average price of $26.18 and a two-hundred day moving average price of $23.99.

Kite Realty Group Trust Increases Dividend

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

Analyst Ratings Changes

KRG has been the subject of a number of recent research reports. Wells Fargo & Company raised Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $26.00 in a report on Wednesday, August 28th. Robert W. Baird increased their price target 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. Compass Point lifted their price objective on shares of Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. KeyCorp upped their target price on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, 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 target on the stock in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kite Realty Group Trust currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Insider Buying and Selling

In other Kite Realty Group Trust news, Director Steven P. Grimes sold 37,295 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at $19,624,353.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.