Quest Partners LLC Buys Shares of 23,760 Kite Realty Group Trust (NYSE:KRG)

Quest Partners LLC purchased a new stake in Kite Realty Group Trust (NYSE:KRG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,760 shares of the real estate investment trust's stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KRG. UMB Bank n.a. boosted its stake in 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 worth $28,000 after purchasing an additional 950 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Kite Realty Group Trust during the 3rd quarter valued at about $45,000. GAMMA Investing LLC increased its stake in Kite Realty Group Trust by 158.2% in 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 during the period. Quarry LP increased its stake in Kite Realty Group Trust by 108.4% in the 2nd quarter. Quarry LP now owns 2,244 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,167 shares during the period. Finally, EntryPoint Capital LLC increased 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 valued at $59,000 after buying an additional 1,435 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kite Realty Group Trust

In related news, Director Steven P. Grimes sold 37,295 shares of the firm's 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 completion of the sale, the director now directly owns 732,252 shares of the company's stock, valued at approximately $19,624,353.60. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

Kite Realty Group Trust Trading Up 0.8 %

Shares of Kite Realty Group Trust stock traded up $0.21 on Friday, reaching $27.40. The company had a trading volume of 1,328,972 shares, compared to its average volume of 1,629,774. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of -685.13, a P/E/G ratio of 3.78 and a beta of 1.29. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. The firm's 50-day moving average price is $26.40 and its two-hundred day moving average price is $24.35. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $27.94.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th will be issued a $0.27 dividend. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.26. The ex-dividend date is Thursday, January 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.94%. Kite Realty Group Trust's payout ratio is -2,600.00%.

Wall Street Analysts Forecast Growth

KRG has been the topic of several research reports. Robert W. Baird lifted their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. 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. Raymond James raised Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 target price on the stock in a report on Friday, August 16th. KeyCorp raised their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Finally, Compass Point lifted their target price on Kite Realty Group Trust from $29.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $28.86.

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.