Kite Realty Group Trust (NYSE:KRG) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Kite Realty Group Trust (NYSE:KRG – Get Rating) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,238,115 shares of the real estate investment trust’s stock after buying an additional 166,729 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.02% of Kite Realty Group Trust worth $38,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRG. Vanguard Group Inc. grew its position in shares of Kite Realty Group Trust by 1.2% in the first quarter. Vanguard Group Inc. now owns 32,761,306 shares of the real estate investment trust’s stock valued at $745,974,000 after purchasing an additional 378,764 shares during the period. JPMorgan Chase & Co. grew its position in shares of Kite Realty Group Trust by 13.4% in the second quarter. JPMorgan Chase & Co. now owns 17,817,056 shares of the real estate investment trust’s stock valued at $308,056,000 after purchasing an additional 2,107,502 shares during the period. State Street Corp grew its position in shares of Kite Realty Group Trust by 15.0% in the first quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust’s stock valued at $300,695,000 after purchasing an additional 1,726,009 shares during the period. Macquarie Group Ltd. grew its position in shares of Kite Realty Group Trust by 16.6% in the second quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust’s stock valued at $154,637,000 after purchasing an additional 1,275,585 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Kite Realty Group Trust by 16.2% in the second quarter. Prudential Financial Inc. now owns 2,438,138 shares of the real estate investment trust’s stock valued at $42,157,000 after purchasing an additional 339,776 shares during the period. Institutional investors and hedge funds own 96.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America upgraded shares of Kite Realty Group Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $22.00 to $25.00 in a research report on Wednesday, November 9th. StockNews.com lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 9th. Barclays boosted their price target on shares of Kite Realty Group Trust from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. Piper Sandler boosted their price target on shares of Kite Realty Group Trust to $25.00 in a research report on Wednesday, November 16th. Finally, Raymond James lowered their price target on shares of Kite Realty Group Trust from $27.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.25.

Insider Activity

In other news, Director Steven P. Grimes sold 32,054 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $22.22, for a total value of $712,239.88. Following the sale, the director now directly owns 791,452 shares of the company’s stock, valued at approximately $17,586,063.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven P. Grimes sold 32,054 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $22.22, for a total value of $712,239.88. Following the sale, the director now directly owns 791,452 shares of the company’s stock, valued at approximately $17,586,063.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven P. Grimes sold 12,946 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $22.35, for a total transaction of $289,343.10. Following the completion of the sale, the director now directly owns 778,506 shares in the company, valued at $17,399,609.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,500 shares of company stock valued at $2,013,888. Company insiders own 1.30% of the company’s stock.

Kite Realty Group Trust Stock Up 0.6 %

Shares of KRG stock opened at $21.07 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average is $21.41 and its two-hundred day moving average is $20.00. Kite Realty Group Trust has a 12 month low of $16.42 and a 12 month high of $23.35.

Kite Realty Group Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, January 6th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, January 5th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 4.56%. Kite Realty Group Trust’s payout ratio is -165.52%.

Kite Realty Group Trust Profile

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Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.