Los Angeles Capital Management LLC Has $712,000 Position in Kite Realty Group Trust (NYSE:KRG)

Los Angeles Capital Management LLC cut its holdings in Kite Realty Group Trust (NYSE:KRG) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,806 shares of the real estate investment trust’s stock after selling 740 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kite Realty Group Trust were worth $712,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in shares of Kite Realty Group Trust by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock valued at $3,408,000 after buying an additional 484 shares during the period. Marcum Wealth LLC boosted its stake in Kite Realty Group Trust by 1.4% in the 3rd quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after purchasing an additional 571 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Kite Realty Group Trust by 2.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 671 shares in the last quarter. United Services Automobile Association raised its stake in shares of Kite Realty Group Trust by 4.6% in the 2nd quarter. United Services Automobile Association now owns 17,781 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 777 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Kite Realty Group Trust by 1.5% in the first quarter. UniSuper Management Pty Ltd now owns 62,353 shares of the real estate investment trust’s stock valued at $1,352,000 after purchasing an additional 900 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Insider Activity

In other Kite Realty Group Trust 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 value of $999,506.00. Following the transaction, the director now directly owns 732,252 shares in the company, valued at $19,624,353.60. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company upgraded Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $23.00 to $26.00 in a report on Wednesday, August 28th. Piper Sandler lifted their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. KeyCorp increased their target price on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday. Compass Point raised their target price on shares of 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. Finally, 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 target on the stock in a research report on Friday, August 16th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.86.

Kite Realty Group Trust Stock Down 0.6 %

Kite Realty Group Trust stock opened at $26.69 on Friday. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $27.94. The firm has a market capitalization of $5.86 billion, a PE ratio of -667.25, a P/E/G ratio of 4.16 and a beta of 1.29. The company’s 50-day moving average is $26.28 and its 200-day moving average is $24.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08.

Kite Realty Group Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be paid a $0.27 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.08 annualized dividend and a yield of 4.05%. Kite Realty Group Trust’s dividend payout ratio is currently -2,600.00%.

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.