American Century Companies Inc. Has $46.57 Million Stock Position in Kite Realty Group Trust (NYSE:KRG)

American Century Companies Inc. raised its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 16.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,080,688 shares of the real estate investment trust's stock after acquiring an additional 295,708 shares during the period. American Century Companies Inc. owned about 0.95% of Kite Realty Group Trust worth $46,566,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of KRG. Pineridge Advisors LLC bought a new stake in shares of Kite Realty Group Trust during the 4th quarter worth approximately $39,000. Fidelis Capital Partners LLC bought a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $42,000. GAMMA Investing LLC raised 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 purchasing an additional 1,204 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $52,000. Finally, EntryPoint Capital LLC raised its stake in shares of Kite Realty Group Trust by 109.6% during the 1st 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. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Performance

NYSE KRG traded down $0.07 on Tuesday, reaching $26.70. The stock had a trading volume of 1,464,849 shares, compared to its average volume of 1,603,257. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a fifty day moving average of $24.86 and a two-hundred day moving average of $22.58. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $27.10. The company has a market cap of $5.86 billion, a P/E ratio of 102.69, a price-to-earnings-growth ratio of 3.97 and a beta of 1.29.

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 issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.90%. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, October 9th. Kite Realty Group Trust's dividend payout ratio is currently 400.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. 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 research note 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 research note on Friday, August 16th. Robert W. Baird increased their price target 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 increased their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. Finally, KeyCorp increased their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.00.

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.