Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP raised its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 764,415 shares of the real estate investment trust's stock after buying an additional 75,840 shares during the quarter. Systematic Financial Management LP owned about 0.35% of Kite Realty Group Trust worth $20,303,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KRG. Charles Schwab Investment Management Inc. raised its position in Kite Realty Group Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,651,857 shares of the real estate investment trust's stock worth $96,993,000 after buying an additional 173,290 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kite Realty Group Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,659 shares of the real estate investment trust's stock valued at $73,442,000 after purchasing an additional 190,380 shares during the period. Millennium Management LLC grew its stake in shares of Kite Realty Group Trust by 17.7% during the 2nd quarter. Millennium Management LLC now owns 2,566,016 shares of the real estate investment trust's stock valued at $57,427,000 after acquiring an additional 386,566 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Kite Realty Group Trust by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,187,428 shares of the real estate investment trust's stock valued at $48,955,000 after acquiring an additional 32,493 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Kite Realty Group Trust by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 2,080,688 shares of the real estate investment trust's stock valued at $46,566,000 after acquiring an additional 295,708 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Down 0.4 %

KRG stock traded down $0.10 during trading on Thursday, reaching $26.84. 1,143,671 shares of the company traded hands, compared to its average volume of 1,583,364. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24. The business has a 50 day simple moving average of $26.53 and a 200 day simple moving average of $24.73. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of -670.00, a price-to-earnings-growth ratio of 3.90 and a beta of 1.28. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be paid a $0.27 dividend. The ex-dividend date is Thursday, January 9th. This is a boost 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 4.02%. Kite Realty Group Trust's dividend payout ratio (DPR) is -2,700.00%.

Analyst Ratings Changes

A number of research firms recently commented on KRG. KeyCorp boosted their price target 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. Piper Sandler upped their price objective on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Compass Point upped their price objective on Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Raymond James upgraded Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 price target on the stock in a report on Friday, August 16th. Finally, 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 report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $28.86.

Insider Buying and Selling at Kite Realty Group Trust

In related news, Director Steven P. Grimes sold 37,295 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was 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 of the company's stock, valued at $19,624,353.60. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Kite Realty Group Trust Company 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.