Handelsbanken Fonder AB Boosts Stock Holdings in Kite Realty Group Trust $KRG

Handelsbanken Fonder AB grew its position in shares of Kite Realty Group Trust (NYSE:KRGFree Report) by 58.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,033 shares of the real estate investment trust’s stock after buying an additional 37,500 shares during the period. Handelsbanken Fonder AB’s holdings in Kite Realty Group Trust were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 740 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Kite Realty Group Trust during the third quarter worth $49,000. First Horizon Corp grew its holdings in shares of Kite Realty Group Trust by 56.5% during the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 758 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Kite Realty Group Trust during the third quarter worth $78,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Kite Realty Group Trust during the third quarter worth $94,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Up 0.1%

Shares of NYSE KRG opened at $27.07 on Monday. The company has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $24.47. The company has a market capitalization of $5.50 billion, a P/E ratio of 20.35, a P/E/G ratio of 4.18 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $27.08.

Kite Realty Group Trust (NYSE:KRGGet Free Report) last announced 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 company had revenue of $200.70 million for the quarter, compared to analysts’ expectations 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. On average, equities research analysts predict that Kite Realty Group Trust will post 2.1 earnings per share for the current 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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 87.22%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KRG shares. Citigroup reissued a “neutral” rating and set a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Robert W. Baird boosted their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Wells Fargo & Company boosted their target price on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, UBS Group restated a “neutral” rating and set a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of “Hold” and an average target price of $26.86.

Read Our Latest Research Report on KRG

Kite Realty Group Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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