DekaBank Deutsche Girozentrale Increases Holdings in Kite Realty Group Trust (NYSE:KRG)

DekaBank Deutsche Girozentrale grew its holdings in Kite Realty Group Trust (NYSE:KRG) by 3.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,927 shares of the real estate investment trust’s stock after acquiring an additional 1,737 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Kite Realty Group Trust were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UMB Bank n.a. raised its stake in Kite Realty Group Trust by 819.0% during the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 950 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Kite Realty Group Trust during the third quarter worth about $45,000. Fidelis Capital Partners LLC acquired a new stake in shares of Kite Realty Group Trust during the first quarter worth about $42,000. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 1,204 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Kite Realty Group Trust by 108.4% in the 2nd quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,167 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 0.5 %

Shares of Kite Realty Group Trust stock opened at $25.80 on Friday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -645.00, a price-to-earnings-growth ratio of 3.91 and a beta of 1.29. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $27.15. The company’s 50-day simple moving average is $26.08 and its 200-day simple moving average is $23.76. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust Increases Dividend

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, January 9th. 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 currently -2,600.00%.

Insiders Place Their Bets

In other Kite Realty Group Trust news, Director Steven P. Grimes sold 37,295 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.80, for a total transaction of $999,506.00. Following the sale, the director now directly owns 732,252 shares in the company, valued at approximately $19,624,353.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on KRG. Compass Point lifted their price target 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. Raymond James upgraded shares of Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research report on Friday, August 16th. Piper Sandler raised their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $23.00 to $26.00 in a report on Wednesday, August 28th. Finally, KeyCorp increased 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. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

About Kite Realty Group Trust

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.