Kite Realty Group Trust (NYSE:KRG) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC reduced its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 51.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 327,431 shares of the real estate investment trust's stock after selling 352,612 shares during the quarter. Verition Fund Management LLC owned about 0.15% of Kite Realty Group Trust worth $8,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of 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 valued at $28,000 after buying an additional 950 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC boosted its stake in shares of Kite Realty Group Trust by 158.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,204 shares during the period. Quarry LP boosted its holdings in shares of Kite Realty Group Trust by 108.4% during the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 1,167 shares during the period. Finally, Blue Trust Inc. raised its stake in Kite Realty Group Trust by 42.7% in the 2nd quarter. Blue Trust Inc. now owns 3,314 shares of the real estate investment trust's stock worth $72,000 after purchasing an additional 992 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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 approximately $19,624,353.60. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company upgraded Kite Realty Group Trust from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Piper Sandler raised their price target on shares of 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. Raymond James upgraded Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 price objective on the stock in a research note on Friday, August 16th. Compass Point lifted their price target on 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. Finally, KeyCorp increased their price objective 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. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kite Realty Group Trust has an average rating of "Moderate Buy" and a consensus price target of $28.86.

Kite Realty Group Trust Trading Down 1.6 %

NYSE KRG traded down $0.44 during trading hours on Monday, hitting $27.13. 1,306,324 shares of the company were exchanged, compared to its average volume of 1,585,953. 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 stock has a market cap of $5.96 billion, a PE ratio of -678.25, a price-to-earnings-growth ratio of 3.83 and a beta of 1.29. The stock has a 50-day moving average price of $26.52 and a 200 day moving average price of $24.67. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week 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. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.98%. Kite Realty Group Trust's 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.