Kite Realty Group Trust (NYSE:KRG) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,141 shares of the real estate investment trust’s stock after purchasing an additional 483 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kite Realty Group Trust were worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its stake in Kite Realty Group Trust by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock valued at $3,408,000 after buying an additional 484 shares in the last quarter. Marcum Wealth LLC lifted its stake in Kite Realty Group Trust by 1.4% during the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock valued at $1,085,000 after buying an additional 571 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Kite Realty Group Trust by 2.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock valued at $629,000 after buying an additional 671 shares in the last quarter. FMR LLC lifted its stake in Kite Realty Group Trust by 2.6% during the third quarter. FMR LLC now owns 28,610 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 737 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in Kite Realty Group Trust by 4.6% during the second quarter. United Services Automobile Association now owns 17,781 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 777 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on KRG. Compass Point upped their price objective on shares of Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. KeyCorp increased their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Piper Sandler increased their price target 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. Robert W. Baird increased their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. 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 for the company in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.86.

Kite Realty Group Trust Price Performance

Shares of KRG opened at $26.90 on Wednesday. The firm has a market cap of $5.91 billion, a PE ratio of -672.50, a PEG ratio of 3.76 and a beta of 1.28. The firm’s 50 day moving average price is $26.53 and its 200 day moving average price is $24.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24.

Kite Realty Group Trust Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. Kite Realty Group Trust’s dividend payout ratio (DPR) is -2,600.00%.

Insider Buying and Selling at Kite Realty Group Trust

In other Kite Realty Group Trust news, Director Steven P. Grimes sold 37,295 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.80, for a total transaction of $999,506.00. Following the transaction, the director now owns 732,252 shares in the company, valued at $19,624,353.60. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.