Kite Realty Group Trust $KRG Holdings Lifted by Legal & General Group Plc

Legal & General Group Plc grew its position in Kite Realty Group Trust (NYSE:KRG) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,436,514 shares of the real estate investment trust’s stock after purchasing an additional 119,483 shares during the period. Legal & General Group Plc owned approximately 0.66% of Kite Realty Group Trust worth $34,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming bought a new position in Kite Realty Group Trust in the 3rd quarter worth about $516,000. Candriam S.C.A. bought a new position in Kite Realty Group Trust in the 3rd quarter worth about $2,066,000. Envestnet Asset Management Inc. grew its position in Kite Realty Group Trust by 22.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock worth $6,699,000 after purchasing an additional 54,914 shares during the last quarter. Centersquare Investment Management LLC grew its position in Kite Realty Group Trust by 9.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock worth $181,320,000 after purchasing an additional 733,378 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Kite Realty Group Trust by 227.5% in the 3rd quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock worth $1,403,000 after purchasing an additional 43,716 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group restated a “neutral” rating and issued a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Wells Fargo & Company restated an “overweight” rating and issued a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday. Robert W. Baird upped their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Finally, Citigroup reiterated a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.00.

Kite Realty Group Trust Trading Down 0.4%

Kite Realty Group Trust stock opened at $27.39 on Friday. The firm has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $24.64. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $5.56 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 4.24 and a beta of 0.86. Kite Realty Group Trust has a 12-month low of $20.86 and a 12-month high of $27.58.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $200.70 million during the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities research analysts expect that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be issued a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.2%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 87.22%.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.