20,200 Shares in Kite Realty Group Trust (NYSE:KRG) Acquired by Versor Investments LP

Versor Investments LP bought a new position in Kite Realty Group Trust (NYSE:KRG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,200 shares of the real estate investment trust's stock, valued at approximately $537,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Entropy Technologies LP acquired a new stake in shares of Kite Realty Group Trust in the 1st quarter worth approximately $594,000. Vanguard Group Inc. increased its stake in Kite Realty Group Trust by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 33,597,373 shares of the real estate investment trust's stock valued at $728,391,000 after buying an additional 881,502 shares during the period. Boston Partners acquired a new position in Kite Realty Group Trust in the 1st quarter valued at approximately $752,000. Systematic Financial Management LP increased its stake in Kite Realty Group Trust by 34.0% in the 2nd quarter. Systematic Financial Management LP now owns 688,575 shares of the real estate investment trust's stock valued at $15,410,000 after buying an additional 174,797 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Kite Realty Group Trust by 118.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 124,384 shares of the real estate investment trust's stock valued at $2,784,000 after buying an additional 67,542 shares during the period. Institutional investors own 90.81% of the company's stock.

Insider Buying and Selling at Kite Realty Group Trust

In other news, Director Steven P. Grimes sold 37,295 shares of Kite Realty Group Trust stock in a transaction that occurred 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 sale, the director now owns 732,252 shares in the company, valued at $19,624,353.60. The trade was a 4.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company's stock.

Kite Realty Group Trust Price Performance

KRG traded down $0.43 during midday trading on Thursday, hitting $26.84. The company had a trading volume of 1,068,540 shares, compared to its average volume of 1,598,129. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market capitalization of $5.90 billion, a PE ratio of -672.50, a P/E/G ratio of 4.16 and a beta of 1.29. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $27.94. The firm's 50-day simple moving average is $26.27 and its 200-day simple moving average is $24.10.

Kite Realty Group Trust Increases Dividend

The business 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.26. Kite Realty Group Trust's dividend payout ratio (DPR) is presently -2,600.00%.

Analysts Set New Price Targets

KRG has been the topic of several analyst reports. Compass Point increased 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. Piper Sandler increased their price target on shares of 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. Robert W. Baird upped their price objective on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Raymond James raised 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. Finally, KeyCorp increased their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday. Three 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 an average price target of $28.43.

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.