Hantz Financial Services Inc. Buys Shares of 30,082 Kite Realty Group Trust (NYSE:KRG)

Hantz Financial Services Inc. bought a new stake in Kite Realty Group Trust (NYSE:KRG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,082 shares of the real estate investment trust's stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Kite Realty Group Trust by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 33,597,373 shares of the real estate investment trust's stock valued at $728,391,000 after buying an additional 881,502 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kite Realty Group Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust's stock worth $76,448,000 after purchasing an additional 90,897 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Kite Realty Group Trust by 28.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,120,121 shares of the real estate investment trust's stock worth $71,326,000 after purchasing an additional 693,852 shares in the last quarter. Norges Bank bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at about $52,746,000. Finally, Bank of New York Mellon Corp increased its position 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 purchasing an additional 32,493 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KRG has been the subject of several research reports. Raymond James raised Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 target price for the company in a research note on Friday, August 16th. Robert W. Baird upped their price objective on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. KeyCorp boosted their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company raised Kite Realty Group Trust from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $23.00 to $26.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.83.

Kite Realty Group Trust Trading Up 1.0 %

KRG traded up $0.26 during trading on Friday, hitting $26.08. 1,497,789 shares of the stock traded hands, compared to its average volume of 1,340,128. The firm has a 50-day moving average of $23.89 and a 200 day moving average of $22.17. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $26.22. The firm has a market capitalization of $5.73 billion, a P/E ratio of 100.31, a price-to-earnings-growth ratio of 3.99 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 2.08.

Kite Realty Group Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 9th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 3.99%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 384.63%.

About Kite Realty Group Trust

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.