Kite Realty Group Trust $KRG Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,871 shares of the real estate investment trust’s stock after selling 575 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kite Realty Group Trust were worth $5,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp grew its holdings in shares of Kite Realty Group Trust by 52.5% in the 1st quarter. M&T Bank Corp now owns 55,597 shares of the real estate investment trust’s stock worth $1,244,000 after acquiring an additional 19,132 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Kite Realty Group Trust by 332.4% in the 1st 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 acquiring an additional 1,160,694 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Kite Realty Group Trust by 516.1% in the 1st quarter. Allianz Asset Management GmbH now owns 623,772 shares of the real estate investment trust’s stock worth $13,954,000 after acquiring an additional 522,529 shares during the period. XTX Topco Ltd acquired a new stake in shares of Kite Realty Group Trust in the 1st quarter worth approximately $1,174,000. Finally, New York State Teachers Retirement System grew its holdings in shares of Kite Realty Group Trust by 5.8% in the 1st quarter. New York State Teachers Retirement System now owns 386,812 shares of the real estate investment trust’s stock worth $8,653,000 after acquiring an additional 21,131 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Buying and Selling at Kite Realty Group Trust

In other Kite Realty Group Trust news, CEO John A. Kite sold 50,000 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the transaction, the chief executive officer owned 54,121 shares of the company’s stock, valued at $1,228,546.70. This represents a 48.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $24.00 price target (down previously from $25.00) on shares of Kite Realty Group Trust in a report on Monday, August 4th. Citigroup restated a “neutral” rating and issued a $24.00 price target (down previously from $28.00) on shares of Kite Realty Group Trust in a report on Friday, September 12th. Wells Fargo & Company raised Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $25.00 in a research note on Tuesday, October 21st. LADENBURG THALM/SH SH began coverage on Kite Realty Group Trust in a research note on Tuesday, September 9th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, UBS Group began coverage on Kite Realty Group Trust in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Hold” and a consensus target price of $26.70.

Kite Realty Group Trust Trading Down 0.1%

Shares of Kite Realty Group Trust stock opened at $22.91 on Monday. Kite Realty Group Trust has a fifty-two week low of $18.51 and a fifty-two week high of $28.24. The firm has a market cap of $5.04 billion, a PE ratio of 29.00, a P/E/G ratio of 6.35 and a beta of 1.15. The business’s fifty day moving average is $22.36 and its two-hundred day moving average is $22.23. 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 (NYSE:KRG) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%.The company had revenue of $211.18 million for 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. Analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

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.