Kite Realty Group Trust (NYSE:KRG) Given Average Rating of “Hold” by Brokerages

Kite Realty Group Trust (NYSE:KRG) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.4286.

Several brokerages recently issued reports on KRG. Wells Fargo & Company reiterated an “overweight” rating and issued a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. UBS Group reissued a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a research report on Friday. Finally, LADENBURG THALM/SH SH upped 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.

Hedge Funds Weigh In On Kite Realty Group Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position 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 valued at $367,000 after buying an additional 410 shares during the last quarter. Parallel Advisors LLC boosted its position 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 valued at $169,000 after buying an additional 461 shares during the last quarter. Bessemer Group Inc. boosted its position 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 valued at $37,000 after buying an additional 467 shares during the last quarter. PNC Financial Services Group Inc. boosted its position 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 valued at $406,000 after buying an additional 488 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Kite Realty Group Trust by 2.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,636 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 499 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Up 0.8%

Shares of NYSE KRG opened at $29.23 on Friday. Kite Realty Group Trust has a 12-month low of $20.86 and a 12-month high of $29.40. The company has a market cap of $5.94 billion, a P/E ratio of 21.98, a P/E/G ratio of 4.12 and a beta of 0.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a fifty day moving average price of $27.20 and a 200 day moving average price of $25.42.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly 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). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Research analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

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