Teachers Retirement System of The State of Kentucky Has $1.85 Million Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,504 shares of the real estate investment trust’s stock after selling 1,920 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Kite Realty Group Trust were worth $1,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. UMB Bank n.a. boosted its stake in Kite Realty Group Trust by 819.0% during the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 950 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Kite Realty Group Trust during the third quarter worth about $45,000. Quarry LP boosted its holdings in Kite Realty Group Trust by 108.4% during the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,167 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Kite Realty Group Trust by 42.7% in the 2nd quarter. Blue Trust Inc. now owns 3,314 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 992 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Kite Realty Group Trust by 110.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,170 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on KRG shares. Piper Sandler upped their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. KeyCorp boosted their target price 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. Compass Point raised their price target on Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Wells Fargo & Company raised Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $26.00 in a research note on Wednesday, August 28th. Finally, Robert W. Baird increased their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.86.

Kite Realty Group Trust Stock Performance

KRG stock opened at $26.14 on Tuesday. The company has a 50 day moving average price of $26.59 and a 200 day moving average price of $25.03. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. 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 stock has a market capitalization of $5.74 billion, a PE ratio of -653.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.28.

Kite Realty Group Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. Kite Realty Group Trust’s payout ratio is presently -2,700.00%.

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.