Thrivent Financial for Lutherans Increases Stake in Kite Realty Group Trust $KRG

Thrivent Financial for Lutherans increased its stake in Kite Realty Group Trust (NYSE:KRG) by 61.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,396 shares of the real estate investment trust’s stock after acquiring an additional 31,487 shares during the period. Thrivent Financial for Lutherans’ holdings in Kite Realty Group Trust were worth $1,975,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KRG. AQR Capital Management LLC boosted its holdings in shares of Kite Realty Group Trust by 32.2% in the 1st 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. increased its holdings 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 buying an additional 5,666 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 shares during the period. California Public Employees Retirement System raised its position in shares of Kite Realty Group Trust by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock worth $8,731,000 after buying an additional 48,935 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Kite Realty Group Trust by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock valued at $1,757,000 after acquiring an additional 2,386 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KRG shares. UBS Group reissued a “neutral” rating and set a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, Robert W. Baird raised their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Kite Realty Group Trust currently has a consensus rating of “Hold” and an average target price of $27.00.

Kite Realty Group Trust Stock Up 1.6%

Shares of Kite Realty Group Trust stock opened at $27.46 on Wednesday. The company has a fifty day moving average price of $25.72 and a 200 day moving average price of $24.54. 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 has a twelve month low of $20.86 and a twelve month high of $27.53. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 4.18 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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. Equities research analysts forecast that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

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