Jane Street Group LLC Buys 62,113 Shares of Kite Realty Group Trust (NYSE:KRG)

Jane Street Group LLC raised its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 26.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296,455 shares of the real estate investment trust's stock after purchasing an additional 62,113 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of Kite Realty Group Trust worth $7,874,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Kite Realty Group Trust by 13.4% in the second quarter. SG Americas Securities LLC now owns 25,584 shares of the real estate investment trust's stock worth $573,000 after buying an additional 3,014 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Kite Realty Group Trust by 15.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,372 shares of the real estate investment trust's stock valued at $478,000 after buying an additional 2,916 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Kite Realty Group Trust by 42.7% in the second quarter. Blue Trust Inc. now owns 3,314 shares of the real estate investment trust's stock worth $72,000 after buying an additional 992 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Kite Realty Group Trust by 6.8% during the second quarter. Raymond James & Associates now owns 130,732 shares of the real estate investment trust's stock worth $2,926,000 after purchasing an additional 8,353 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Kite Realty Group Trust by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 2,187,428 shares of the real estate investment trust's stock worth $48,955,000 after acquiring an additional 32,493 shares during the period. 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 company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.80, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KRG shares. KeyCorp increased their price target on 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 boosted 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 note on Tuesday, September 3rd. Compass Point increased 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 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 target price for the company from $23.00 to $26.00 in a research report on Wednesday, August 28th. Finally, 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. Three 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.86.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock remained flat at $26.28 on Friday. The stock had a trading volume of 1,256,667 shares, compared to its average volume of 1,579,638. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of -657.00, 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. The business has a fifty day simple moving average of $26.58 and a two-hundred day simple moving average of $24.93.

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 $0.27 dividend. The ex-dividend date is Thursday, January 9th. This is an increase from Kite Realty Group Trust's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 4.11%. Kite Realty Group Trust's dividend payout ratio is -2,700.00%.

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.