Kite Realty Group Trust $KRG Stake Raised by Bayforest Capital Ltd

Bayforest Capital Ltd lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 221.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,484 shares of the real estate investment trust’s stock after acquiring an additional 22,366 shares during the quarter. Bayforest Capital Ltd’s holdings in Kite Realty Group Trust were worth $736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in Kite Realty Group Trust by 52.5% during the first quarter. M&T Bank Corp now owns 55,597 shares of the real estate investment trust’s stock worth $1,244,000 after purchasing an additional 19,132 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Kite Realty Group Trust by 332.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,509,886 shares of the real estate investment trust’s stock worth $33,776,000 after purchasing an additional 1,160,694 shares in the last quarter. SG Americas Securities LLC bought a new stake in Kite Realty Group Trust during the first quarter worth approximately $795,000. Allianz Asset Management GmbH raised its holdings in Kite Realty Group Trust by 516.1% during the first quarter. Allianz Asset Management GmbH now owns 623,772 shares of the real estate investment trust’s stock worth $13,954,000 after purchasing an additional 522,529 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Kite Realty Group Trust during the first quarter worth approximately $1,174,000. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KRG shares. Wall Street Zen raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH started coverage on shares of Kite Realty Group Trust in a research note on Tuesday, September 9th. They issued a “buy” rating and a $30.00 price objective for the company. Citigroup reaffirmed a “neutral” rating and issued a $24.00 price objective (down previously from $28.00) on shares of Kite Realty Group Trust in a research note on Friday, September 12th. Finally, UBS Group started coverage on shares of Kite Realty Group Trust in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Insider Activity

In other news, CEO John A. Kite sold 50,000 shares of Kite Realty Group Trust stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the sale, the chief executive officer directly owned 54,121 shares in the company, valued at approximately $1,228,546.70. The trade was a 48.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Trading Up 1.6%

Shares of NYSE:KRG opened at $21.68 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.91. Kite Realty Group Trust has a 12-month low of $18.51 and a 12-month high of $28.24. The firm has a fifty day moving average of $22.16 and a two-hundred day moving average of $22.14. The firm has a market capitalization of $4.77 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 5.91 and a beta of 1.15.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. The business had revenue of $211.18 million during the quarter, compared to analyst estimates of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, equities analysts expect that Kite Realty Group Trust will post 2.05 EPS 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, October 16th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.0%. Kite Realty Group Trust’s payout ratio is presently 136.71%.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.