8,133 Shares in Kite Realty Group Trust (NYSE:KRG) Bought by Atria Investments Inc

Atria Investments Inc purchased a new stake in Kite Realty Group Trust (NYSE:KRG) in the third quarter, HoldingsChannel reports. The institutional investor purchased 8,133 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners acquired a new stake in Kite Realty Group Trust in the 1st quarter valued at about $752,000. Systematic Financial Management LP raised its stake in Kite Realty Group Trust by 34.0% in the second quarter. Systematic Financial Management LP now owns 688,575 shares of the real estate investment trust’s stock valued at $15,410,000 after buying an additional 174,797 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Kite Realty Group Trust by 118.8% in the second quarter. Thrivent Financial for Lutherans now owns 124,384 shares of the real estate investment trust’s stock valued at $2,784,000 after buying an additional 67,542 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Kite Realty Group Trust by 12.8% in the second quarter. Mutual of America Capital Management LLC now owns 315,327 shares of the real estate investment trust’s stock valued at $7,057,000 after buying an additional 35,721 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in shares of Kite Realty Group Trust during the 1st quarter worth approximately $2,432,000. Institutional investors own 90.81% of the company’s stock.

Insiders Place Their Bets

In other Kite Realty Group Trust news, Director Steven P. Grimes sold 37,295 shares of the stock in a transaction dated 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 $19,624,353.60. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $27.40 on Friday. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $27.94. The firm has a 50-day moving average price of $26.40 and a two-hundred day moving average price of $24.35. The company has a market capitalization of $6.02 billion, a P/E ratio of -685.00, a P/E/G ratio of 3.78 and a beta of 1.29. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97.

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 of this dividend is Thursday, January 9th. This represents a $1.08 dividend on an annualized basis and a yield of 3.94%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. Kite Realty Group Trust’s dividend payout ratio is currently -2,700.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Compass Point lifted their target price 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. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $26.00 in a report on Wednesday, August 28th. KeyCorp boosted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Piper Sandler increased their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.86.

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.