State Street Corp Has $326.95 Million Holdings in Kite Realty Group Trust (NYSE:KRG)

State Street Corp lessened its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,309,690 shares of the real estate investment trust's stock after selling 67,649 shares during the period. State Street Corp owned approximately 5.60% of Kite Realty Group Trust worth $326,945,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kite Realty Group Trust by 0.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust's stock worth $2,554,000 after acquiring an additional 483 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Kite Realty Group Trust by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust's stock worth $3,408,000 after acquiring an additional 484 shares during the period. Marcum Wealth LLC boosted its holdings in shares of Kite Realty Group Trust by 1.4% during the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust's stock worth $1,085,000 after acquiring an additional 571 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in shares of Kite Realty Group Trust by 2.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust's stock worth $629,000 after acquiring an additional 671 shares during the period. Finally, FMR LLC boosted its holdings in shares of Kite Realty Group Trust by 2.6% during the third quarter. FMR LLC now owns 28,610 shares of the real estate investment trust's stock worth $760,000 after acquiring an additional 737 shares during the period. Institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

KRG has been the subject of a number of research analyst reports. KeyCorp boosted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Raymond James upgraded Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 price target for the company in a research note on Friday, August 16th. Compass Point boosted their price target 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. Robert W. Baird boosted their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. 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 company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Three 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. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of "Moderate Buy" and an average price target of $28.86.

Kite Realty Group Trust Price Performance

KRG traded down $0.35 during trading on Tuesday, hitting $26.51. 1,681,316 shares of the stock traded hands, compared to its average volume of 1,581,086. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24. The company has a market cap of $5.82 billion, a price-to-earnings ratio of -664.00, a PEG ratio of 3.91 and a beta of 1.28. 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 business has a 50 day moving average price of $26.56 and a 200 day moving average price of $24.88.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.27 per share. This is an increase from Kite Realty Group Trust's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, January 9th. Kite Realty Group Trust's payout ratio is currently -2,700.00%.

Insider Buying and Selling at Kite Realty Group Trust

In other news, Director Steven P. Grimes sold 37,295 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.80, for a total transaction of $999,506.00. Following the completion of the transaction, the director now directly owns 732,252 shares in the company, valued at approximately $19,624,353.60. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

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.