Kite Realty Group Trust $KRG Shares Acquired by Hsbc Holdings PLC

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

Other hedge funds have also modified their holdings of the company. Invesco Ltd. increased its holdings in Kite Realty Group Trust by 3.4% during the 4th quarter. Invesco Ltd. now owns 933,097 shares of the real estate investment trust’s stock worth $22,366,000 after purchasing an additional 30,629 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Kite Realty Group Trust by 12.1% in the 4th quarter. Corient Private Wealth LLC now owns 14,899 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 1,603 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Kite Realty Group Trust by 30.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,013 shares of the real estate investment trust’s stock valued at $719,000 after buying an additional 7,058 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth about $280,000. Finally, VARCOV Co. acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth about $602,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Up 0.4%

NYSE:KRG opened at $28.96 on Friday. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $29.40. The stock has a market cap of $5.88 billion, a P/E ratio of 21.77, a P/E/G ratio of 4.07 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. The stock has a 50-day simple moving average of $27.13 and a 200-day simple moving average of $25.39.

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 for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $200.70 million for the quarter, compared to analyst estimates 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. As a group, analysts anticipate that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

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 yield of 4.0%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 87.22%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. 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 report on Monday, May 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. LADENBURG THALM/SH SH increased their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.43.

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.