Kite Realty Group Trust (NYSE:KRG) Hits New 1-Year High After Analyst Upgrade

Shares of Kite Realty Group Trust (NYSE:KRG) reached a new 52-week high during mid-day trading on Thursday after LADENBURG THALM/SH SH raised their price target on the stock from $30.00 to $33.00. LADENBURG THALM/SH SH currently has a buy rating on the stock. Kite Realty Group Trust traded as high as $29.29 and last traded at $28.8010, with a volume of 2046012 shares. The stock had previously closed at $28.70.

A number of other equities analysts also recently issued reports on the stock. Robert W. Baird increased their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Citigroup restated a “neutral” rating and set a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Kite Realty Group Trust currently has a consensus rating of “Hold” and an average target price of $27.43.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Kite Realty Group Trust by 2.8% in the 4th quarter. Captrust Financial Advisors now owns 15,296 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 410 shares during the period. Parallel Advisors LLC raised its holdings in Kite Realty Group Trust by 7.2% in the 1st quarter. Parallel Advisors LLC now owns 6,897 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 461 shares during the period. NewEdge Wealth LLC raised its holdings in Kite Realty Group Trust by 2.7% in the 3rd quarter. NewEdge Wealth LLC now owns 18,058 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 467 shares during the period. Bessemer Group Inc. raised its holdings in Kite Realty Group Trust by 44.4% in the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 467 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Kite Realty Group Trust by 3.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 488 shares during the period. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 0.4%

The stock has a fifty day moving average of $26.34 and a 200 day moving average of $24.95. The company has a market capitalization of $5.85 billion, a P/E ratio of 21.66, a PEG ratio of 4.44 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

Kite Realty Group Trust (NYSE:KRG) last announced 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 firm had revenue of $200.70 million for the quarter, compared to the consensus estimate 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. As a group, equities research analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be given a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. Kite Realty Group Trust’s dividend payout ratio (DPR) 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.