Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 88.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,497 shares of the real estate investment trust's stock after acquiring an additional 28,318 shares during the period. Natixis Advisors LLC's holdings in Kite Realty Group Trust were worth $1,354,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in Kite Realty Group Trust during the fourth quarter valued at about $39,000. Fidelis Capital Partners LLC acquired a new position in shares of Kite Realty Group Trust during the first quarter worth about $42,000. GAMMA Investing LLC lifted its stake in shares of Kite Realty Group Trust by 158.2% during the second quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 1,204 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of Kite Realty Group Trust during the first quarter worth about $52,000. Finally, EntryPoint Capital LLC lifted its stake in shares of Kite Realty Group Trust by 109.6% during the first quarter. EntryPoint Capital LLC now owns 2,744 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 1,435 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KRG shares. 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. KeyCorp boosted their price objective on 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. Robert W. Baird boosted their price objective on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Piper Sandler boosted their price target 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 upgraded Kite Realty Group Trust from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $23.00 to $26.00 in a research note on Wednesday, August 28th. Three research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Kite Realty Group Trust Stock Up 0.3 %

NYSE KRG traded up $0.09 on Wednesday, hitting $26.03. 1,060,523 shares of the stock traded hands, compared to its average volume of 1,610,325. The stock has a 50-day moving average of $24.42 and a 200 day moving average of $22.40. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $26.33. The company has a market capitalization of $5.72 billion, a P/E ratio of 99.12, a price-to-earnings-growth ratio of 3.92 and a beta of 1.29. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.88.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.04 annualized dividend and a yield of 4.00%. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.25. Kite Realty Group Trust's dividend payout ratio is presently 400.00%.

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.