Amalgamated Bank Trims Stock Position in Kite Realty Group Trust (NYSE:KRG)

Amalgamated Bank lessened its stake in shares of Kite Realty Group Trust (NYSE:KRGFree Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,926 shares of the real estate investment trust’s stock after selling 3,434 shares during the quarter. Amalgamated Bank owned about 0.06% of Kite Realty Group Trust worth $2,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Kite Realty Group Trust by 46.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,107,744 shares of the real estate investment trust’s stock worth $292,827,000 after acquiring an additional 4,182,590 shares during the period. BlackRock Inc. raised its stake in Kite Realty Group Trust by 12.4% during the 1st quarter. BlackRock Inc. now owns 34,531,664 shares of the real estate investment trust’s stock worth $722,402,000 after acquiring an additional 3,818,524 shares during the period. Norges Bank bought a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $44,198,000. State Street Corp raised its stake in Kite Realty Group Trust by 15.0% during the 1st quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust’s stock worth $300,695,000 after acquiring an additional 1,726,009 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Kite Realty Group Trust by 16.6% during the 2nd quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust’s stock worth $154,637,000 after acquiring an additional 1,275,585 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Kite Realty Group Trust Trading Down 0.6 %

KRG stock opened at $21.50 on Friday. The firm has a fifty day moving average price of $22.21 and a 200 day moving average price of $21.87. Kite Realty Group Trust has a fifty-two week low of $18.77 and a fifty-two week high of $24.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $4.72 billion, a PE ratio of 126.47, a price-to-earnings-growth ratio of 3.74 and a beta of 1.30.

Wall Street Analyst Weigh In

KRG has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Wells Fargo & Company reduced their price objective on shares of Kite Realty Group Trust from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Get Our Latest Report on KRG

Insider Activity at Kite Realty Group Trust

In related news, CEO John A. Kite sold 60,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.91, for a total value of $1,314,600.00. Following the completion of the transaction, the chief executive officer now directly owns 104,121 shares of the company’s stock, valued at $2,281,291.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Kite Realty Group Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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