Sanctuary Advisors LLC Has $670,000 Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Sanctuary Advisors LLC lifted its position in Kite Realty Group Trust (NYSE:KRG) by 60.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,451 shares of the real estate investment trust’s stock after buying an additional 9,201 shares during the quarter. Sanctuary Advisors LLC’s holdings in Kite Realty Group Trust were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KRG. UMB Bank n.a. raised its holdings in Kite Realty Group Trust by 819.0% in 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 during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Kite Realty Group Trust in the third quarter worth about $45,000. Quarry LP lifted its position in shares of Kite Realty Group Trust by 108.4% during the 2nd quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,167 shares during the last quarter. GAMMA Investing LLC boosted its stake in Kite Realty Group Trust by 110.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,170 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Kite Realty Group Trust in the 2nd quarter valued at approximately $125,000. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Stock Performance

NYSE:KRG opened at $25.29 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $26.55 and a 200 day moving average price of $25.17. The firm has a market capitalization of $5.56 billion, a PE ratio of -632.25, a price-to-earnings-growth ratio of 3.81 and a beta of 1.28. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24.

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 paid a dividend of $0.27 per share. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, January 9th. Kite Realty Group Trust’s dividend payout ratio is currently -2,700.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective 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. Compass Point increased 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 report on Wednesday, September 4th. KeyCorp boosted their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Wells Fargo & Company upgraded shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Finally, Robert W. Baird boosted 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. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.