Ritholtz Wealth Management Makes New Investment in Kite Realty Group Trust $KRG

Ritholtz Wealth Management bought a new stake in Kite Realty Group Trust (NYSE:KRG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,848 shares of the real estate investment trust’s stock, valued at approximately $438,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Centersquare Investment Management LLC grew its position in shares of Kite Realty Group Trust by 1.3% during the 4th quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock worth $197,436,000 after purchasing an additional 105,830 shares in the last quarter. Norges Bank acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $61,863,000. New Age Alpha Advisors LLC acquired a new stake in shares of Kite Realty Group Trust in the third quarter valued at approximately $1,031,000. Pensionfund PDN bought a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $1,522,000. Finally, Lighthouse Investment Partners LLC grew its position in Kite Realty Group Trust by 33.1% during the third quarter. Lighthouse Investment Partners LLC now owns 965,000 shares of the real estate investment trust’s stock worth $21,520,000 after buying an additional 240,000 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. LADENBURG THALM/SH SH boosted their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, UBS Group reiterated a “neutral” rating and set a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.43.

Kite Realty Group Trust Trading Down 0.3%

Shares of KRG opened at $28.30 on Thursday. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $29.40. The business’s fifty day moving average is $27.33 and its 200-day moving average is $25.56. 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 firm has a market cap of $5.75 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 4.01 and a beta of 0.85.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data 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). Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.The business had revenue of $200.70 million for the quarter, compared to the consensus estimate of $198.37 million. 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 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. 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.