M&T Bank Corp Has $978,000 Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

M&T Bank Corp lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,824 shares of the real estate investment trust’s stock after purchasing an additional 1,453 shares during the quarter. M&T Bank Corp’s holdings in Kite Realty Group Trust were worth $978,000 as of its most recent SEC filing.

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

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $26.28 on Monday. The business has a 50 day moving average of $26.59 and a 200-day moving average of $25.03. The company has a market capitalization of $5.77 billion, a P/E ratio of -657.00, a P/E/G ratio of 3.81 and a beta of 1.28. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year 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.

Kite Realty Group Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be given a $0.27 dividend. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.11%. The ex-dividend date is Thursday, January 9th. Kite Realty Group Trust’s dividend payout ratio is -2,700.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KRG shares. Piper Sandler lifted their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Robert W. Baird boosted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Compass Point raised their price target on shares of Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. KeyCorp lifted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised shares of Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.86.

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.