Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.73 Million Holdings in Kite Realty Group Trust $KRG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Kite Realty Group Trust (NYSE:KRG) by 22.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,153 shares of the real estate investment trust’s stock after acquiring an additional 27,551 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.07% of Kite Realty Group Trust worth $3,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Kite Realty Group Trust by 32.2% in the first quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock valued at $1,797,000 after purchasing an additional 19,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kite Realty Group Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after purchasing an additional 5,666 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Kite Realty Group Trust by 118.4% during the 2nd 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 during the period. California Public Employees Retirement System boosted its stake in Kite Realty Group Trust by 14.5% during the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock valued at $8,731,000 after purchasing an additional 48,935 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Kite Realty Group Trust by 3.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock valued at $1,757,000 after purchasing an additional 2,386 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 0.6%

KRG stock opened at $28.52 on Thursday. Kite Realty Group Trust has a 1-year low of $20.86 and a 1-year high of $29.40. The firm has a market cap of $5.79 billion, a P/E ratio of 21.44, a P/E/G ratio of 4.06 and a beta of 0.85. The business’s 50 day moving average is $27.80 and its 200-day moving average is $25.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $200.70 million for the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.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 2.09 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 87.22%.

Analysts Set New Price Targets

KRG has been the topic of several recent analyst reports. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Wells Fargo & Company reissued an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. LADENBURG THALM/SH SH raised their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Finally, UBS Group reiterated a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.71.

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.