Natixis Advisors LLC Buys 28,318 Shares of Kite Realty Group Trust (NYSE:KRG)

Natixis Advisors LLC increased its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 88.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,497 shares of the real estate investment trust’s stock after buying an additional 28,318 shares during the quarter. Natixis Advisors LLC’s holdings in Kite Realty Group Trust were worth $1,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pineridge Advisors LLC purchased a new position in Kite Realty Group Trust during the 4th quarter worth $39,000. Fidelis Capital Partners LLC purchased a new position in Kite Realty Group Trust during the first quarter worth about $42,000. GAMMA Investing LLC grew its position 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 in the last quarter. SageView Advisory Group LLC purchased a new stake in Kite Realty Group Trust in the 1st quarter valued at about $52,000. Finally, EntryPoint Capital LLC lifted its position 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 buying an additional 1,435 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock opened at $25.94 on Wednesday. The firm has a market capitalization of $5.70 billion, a P/E ratio of 99.77, a PEG ratio of 3.92 and a beta of 1.29. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $26.33. 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 business has a fifty day moving average price of $24.34 and a 200-day moving average price of $22.36.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.04 annualized dividend and a yield of 4.01%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.25. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 400.00%.

Analyst Ratings Changes

KRG has been the subject of several recent analyst reports. KeyCorp upped their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Raymond James upgraded 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 research note on Friday, August 16th. Piper Sandler lifted their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Robert W. Baird boosted their target price 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. Finally, Wells Fargo & Company upgraded Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and increased 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.