Kite Realty Group Trust (NYSE:KRG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kite Realty Group Trust (NYSE:KRGGet Free Report) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $30.1429.

A number of equities research analysts have recently weighed in on KRG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Kite Realty Group Trust in a research report on Wednesday, July 15th. Piper Sandler restated a “neutral” rating and set a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Tuesday, July 21st. LADENBURG THALM/SH SH raised their price target on Kite Realty Group Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company set a $32.00 price target on shares of Kite Realty Group Trust and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Citigroup reissued a “neutral” rating and set a $31.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research report on Monday, August 3rd.

Get Our Latest Stock Report on Kite Realty Group Trust

Kite Realty Group Trust Stock Performance

Shares of NYSE:KRG opened at $26.42 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $28.37 and a 200-day moving average price of $26.59. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 3.90 and a beta of 0.86. Kite Realty Group Trust has a 12 month low of $21.32 and a 12 month high of $29.92.

Kite Realty Group Trust (NYSE:KRGGet Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.68. The company had revenue of $196.26 million for the quarter, compared to analysts’ expectations of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. Kite Realty Group Trust’s payout ratio is presently 71.60%.

Hedge Funds Weigh In On Kite Realty Group Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Great Lakes Advisors LLC purchased a new stake in Kite Realty Group Trust in the second quarter worth about $4,831,000. Bank of New York Mellon Corp bought a new stake in Kite Realty Group Trust during the 2nd quarter valued at approximately $44,463,000. Stoneridge Investment Partners LLC purchased a new position in shares of Kite Realty Group Trust during the 2nd quarter worth approximately $952,000. Edgestream Partners L.P. purchased a new position in shares of Kite Realty Group Trust during the 1st quarter worth approximately $307,000. Finally, Amundi raised its position in shares of Kite Realty Group Trust by 3.2% in the 1st quarter. Amundi now owns 123,135 shares of the real estate investment trust’s stock worth $3,023,000 after acquiring an additional 3,858 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Company Profile

(Get 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.

Further Reading

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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