Kite Realty Group Trust (NYSE:KRG) Receives $27.00 Consensus Price Target from Analysts

Kite Realty Group Trust (NYSE:KRG) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.00.

KRG has been the topic of several recent analyst reports. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup reiterated a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. UBS Group reiterated a “neutral” rating and issued a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, May 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th.

Institutional Investors Weigh In On Kite Realty Group Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming bought a new stake in Kite Realty Group Trust during the 3rd quarter worth $516,000. Candriam S.C.A. bought a new stake in Kite Realty Group Trust during the 3rd quarter worth $2,066,000. Envestnet Asset Management Inc. grew its position in Kite Realty Group Trust by 22.4% during 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 acquiring an additional 54,914 shares during the last quarter. Centersquare Investment Management LLC grew its position in Kite Realty Group Trust by 9.9% during 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 acquiring an additional 733,378 shares during the last quarter. Finally, Versor Investments LP grew its position in Kite Realty Group Trust by 471.7% during the 3rd quarter. Versor Investments LP now owns 72,612 shares of the real estate investment trust’s stock worth $1,619,000 after acquiring an additional 59,912 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 0.1%

Shares of KRG opened at $27.71 on Wednesday. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $27.93. The business’s fifty day moving average is $26.09 and its 200-day moving average is $24.82. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $5.63 billion, a price-to-earnings 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 results 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). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The business had revenue of $200.70 million during 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. Equities analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be paid 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 presently 87.22%.

About Kite Realty Group Trust

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.