Martingale Asset Management L P Has $516,000 Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Martingale Asset Management L P boosted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 44.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,440 shares of the real estate investment trust’s stock after buying an additional 6,000 shares during the period. Martingale Asset Management L P’s holdings in Kite Realty Group Trust were worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kite Realty Group Trust by 432.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust’s stock valued at $36,150,000 after purchasing an additional 1,105,539 shares during the period. Land & Buildings Investment Management LLC purchased a new stake in Kite Realty Group Trust in the 2nd quarter worth approximately $22,277,000. APG Asset Management US Inc. acquired a new stake in shares of Kite Realty Group Trust during the 2nd quarter valued at $16,665,000. F M Investments LLC purchased a new position in shares of Kite Realty Group Trust during the 2nd quarter valued at $10,164,000. Finally, Lighthouse Investment Partners LLC increased its stake in shares of Kite Realty Group Trust by 157.9% in the second quarter. Lighthouse Investment Partners LLC now owns 735,000 shares of the real estate investment trust’s stock worth $16,449,000 after acquiring an additional 450,000 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KRG has been the subject of a number of research reports. Robert W. Baird lifted their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. KeyCorp boosted their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Compass Point raised their price objective 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. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $23.00 to $26.00 in a research report on Wednesday, August 28th. Finally, Raymond James upgraded 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 note on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.86.

Insider Activity

In other news, Director Steven P. Grimes sold 37,295 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 732,252 shares of the company’s stock, valued at approximately $19,624,353.60. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Kite Realty Group Trust Trading Down 0.8 %

NYSE:KRG opened at $26.90 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $26.53 and its 200-day moving average is $24.71. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of -672.50, a P/E/G ratio of 3.76 and a beta of 1.28. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.01%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 9th. Kite Realty Group Trust’s dividend payout ratio is -2,600.00%.

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.