Kite Realty Group Trust (NYSE:KRG) Reaches New 12-Month High – Should You Buy?

Shares of Kite Realty Group Trust (NYSE:KRG) reached a new 52-week high on Friday . The company traded as high as $27.65 and last traded at $27.5150, with a volume of 297552 shares traded. The stock had previously closed at $27.29.

Analyst Ratings Changes

Several brokerages recently issued reports on KRG. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup reaffirmed 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. UBS Group reaffirmed a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Robert W. Baird lifted their price objective on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.00.

Kite Realty Group Trust Trading Up 1.6%

The business’s 50 day moving average is $26.09 and its two-hundred day moving average is $24.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $5.63 billion, a P/E ratio of 20.84, a PEG ratio of 4.28 and a beta of 0.86.

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

Kite Realty Group Trust Dividend Announcement

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

Institutional Investors Weigh In On Kite Realty Group Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arax Advisory Partners raised its stake in shares of Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 726 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 740 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Kite Realty Group Trust by 44.4% during the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 467 shares in the last quarter. Finally, First Horizon Corp raised its position in Kite Realty Group Trust by 56.5% in the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 758 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Company 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.