Kite Realty Group Trust (NYSE:KRG) Shares Acquired by LSV Asset Management

LSV Asset Management lifted its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,071,300 shares of the real estate investment trust's stock after acquiring an additional 146,300 shares during the quarter. LSV Asset Management owned 0.49% of Kite Realty Group Trust worth $23,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Custom Index Systems LLC lifted its stake in Kite Realty Group Trust by 10.7% during the second quarter. Custom Index Systems LLC now owns 11,374 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 1,104 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Kite Realty Group Trust by 13.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 27,546 shares of the real estate investment trust's stock valued at $616,000 after acquiring an additional 3,355 shares during the period. Arizona State Retirement System grew its position in Kite Realty Group Trust by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 61,479 shares of the real estate investment trust's stock valued at $1,376,000 after acquiring an additional 1,186 shares in the last quarter. Victory Capital Management Inc. grew its position in Kite Realty Group Trust by 6.3% in the 2nd quarter. Victory Capital Management Inc. now owns 134,740 shares of the real estate investment trust's stock valued at $3,015,000 after acquiring an additional 7,932 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth about $2,046,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Up 0.0 %

NYSE:KRG traded up $0.01 during trading hours on Tuesday, hitting $25.94. The company's stock had a trading volume of 606,073 shares, compared to its average volume of 1,613,485. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $26.33. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $5.70 billion, a P/E ratio of 99.77, a price-to-earnings-growth ratio of 3.92 and a beta of 1.29. The stock has a fifty day moving average of $24.34 and a 200-day moving average of $22.36.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Wednesday, October 9th. This is an increase from Kite Realty Group Trust's previous quarterly dividend of $0.25. Kite Realty Group Trust's payout ratio is currently 400.00%.

Analyst Upgrades and Downgrades

KRG has been the subject of a number of research reports. 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 objective for the company in a report on Friday, August 16th. Compass Point boosted their price target on shares of Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Robert W. Baird increased their price objective on 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. Piper Sandler boosted their target price on 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. Finally, Wells Fargo & Company raised 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 report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

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.