Kite Realty Group Trust (NYSE:KRG – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $27.53 and last traded at $27.46, with a volume of 1901359 shares. The stock had previously closed at $27.03.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. UBS Group reiterated 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. Finally, Wells Fargo & Company restated an “overweight” rating and set a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday. Three investment 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 a consensus rating of “Hold” and an average price target of $27.00.
View Our Latest Stock Analysis on Kite Realty Group Trust
Kite Realty Group Trust Stock Up 1.6%
Kite Realty Group Trust (NYSE:KRG – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, equities analysts anticipate that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.
Kite Realty Group Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 87.22%.
Institutional Investors Weigh In On Kite Realty Group Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter worth about $25,000. Arax Advisory Partners raised its position in shares of Kite Realty Group Trust by 182.0% during the 4th quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 726 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Kite Realty Group Trust by 118.4% during 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. Bessemer Group Inc. raised its position in shares of Kite Realty Group Trust by 44.4% during the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 467 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Kite Realty Group Trust during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
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.
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