Vanguard Personalized Indexing Management LLC Buys 5,697 Shares of Kite Realty Group Trust (NYSE:KRG)

Vanguard Personalized Indexing Management LLC boosted its holdings in Kite Realty Group Trust (NYSE:KRG) by 45.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,265 shares of the real estate investment trust’s stock after buying an additional 5,697 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Kite Realty Group Trust were worth $408,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new position in Kite Realty Group Trust in the 4th quarter worth approximately $39,000. Fidelis Capital Partners LLC bought a new position in Kite Realty Group Trust in the 1st quarter worth approximately $42,000. GAMMA Investing LLC increased 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 buying an additional 1,204 shares during the period. SageView Advisory Group LLC bought a new position in Kite Realty Group Trust in the 1st quarter worth approximately $52,000. Finally, EntryPoint Capital LLC increased its position in Kite Realty Group Trust by 109.6% in 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 during the period. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Price Performance

Shares of KRG stock opened at $26.25 on Friday. The stock’s fifty day simple moving average is $25.33 and its 200 day simple moving average is $22.82. 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 market cap of $5.76 billion, a price-to-earnings ratio of 100.96, a P/E/G ratio of 4.06 and a beta of 1.29. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $27.15.

Kite Realty Group Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 9th will be paid a $0.26 dividend. 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. This represents a $1.04 annualized dividend and a yield of 3.96%. Kite Realty Group Trust’s payout ratio is currently 400.00%.

Analyst Ratings Changes

Several brokerages have commented on KRG. Wells Fargo & Company raised Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $23.00 to $26.00 in a research report on Wednesday, August 28th. Robert W. Baird boosted their price objective on Kite Realty Group Trust from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. KeyCorp boosted their price objective on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research 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 on the stock in a research report on Friday, August 16th. Finally, Compass Point boosted their price objective on Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Three equities 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 company currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Insider Activity at Kite Realty Group Trust

In related news, Director Steven P. Grimes sold 37,295 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.80, for a total value of $999,506.00. Following the sale, the director now owns 732,252 shares of the company’s stock, valued at approximately $19,624,353.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

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.