Hsbc Holdings PLC Buys 146,264 Shares of Kite Realty Group Trust $KRG

Hsbc Holdings PLC increased its stake in Kite Realty Group Trust (NYSE:KRG) by 29.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 635,168 shares of the real estate investment trust’s stock after purchasing an additional 146,264 shares during the period. Hsbc Holdings PLC owned approximately 0.31% of Kite Realty Group Trust worth $15,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. lifted its stake in Kite Realty Group Trust by 26.3% in the 4th quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock valued at $630,805,000 after acquiring an additional 5,486,116 shares in the last quarter. Norges Bank bought a new position in shares of Kite Realty Group Trust during the 4th quarter worth approximately $61,863,000. Deutsche Bank AG raised its holdings in shares of Kite Realty Group Trust by 434.7% in the fourth quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock valued at $41,213,000 after purchasing an additional 1,397,837 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Kite Realty Group Trust by 171.0% in the second quarter. Sei Investments Co. now owns 1,711,094 shares of the real estate investment trust’s stock valued at $38,756,000 after purchasing an additional 1,079,727 shares during the last quarter. Finally, Town Lane Management LP bought a new stake in shares of Kite Realty Group Trust in the fourth quarter worth $25,466,000. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KRG shares. Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company restated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. LADENBURG THALM/SH SH raised their price objective on Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, UBS Group reaffirmed 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. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.43.

Kite Realty Group Trust Stock Up 1.3%

Kite Realty Group Trust stock opened at $28.84 on Wednesday. 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 company’s 50-day moving average is $27.54 and its 200-day moving average is $25.71. The firm has a market capitalization of $5.86 billion, a PE ratio of 21.69, a P/E/G ratio of 4.03 and a beta of 0.85. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $29.40.

Kite Realty Group Trust (NYSE:KRG) last issued its 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). The firm had revenue of $200.70 million during the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Kite Realty Group Trust will post 2.09 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s payout ratio is currently 87.22%.

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.