Kite Realty Group Trust (NYSE:KRG – Get Free Report) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $30.00.
Several analysts have recently commented on KRG shares. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. KeyCorp cut shares of Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 18th. Weiss Ratings restated a “buy (b)” rating on shares of Kite Realty Group Trust in a research report on Wednesday, July 15th. Wells Fargo & Company set a $31.00 price target on shares of Kite Realty Group Trust and gave the company an “overweight” rating in a report on Tuesday, September 1st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th.
Check Out Our Latest Stock Report on KRG
Kite Realty Group Trust Trading Down 0.2%
Kite Realty Group Trust (NYSE:KRG – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.68. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. The company had revenue of $196.26 million for the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Sell-side analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current year.
Kite Realty Group Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, October 9th. Kite Realty Group Trust’s payout ratio is 71.60%.
Institutional Trading of Kite Realty Group Trust
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cohen & Steers Inc. raised its position in Kite Realty Group Trust by 26.3% during the fourth quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock valued at $630,805,000 after acquiring an additional 5,486,116 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Kite Realty Group Trust by 1.3% in the fourth quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock valued at $197,436,000 after acquiring an additional 105,830 shares during the period. California State Teachers Retirement System boosted its position in Kite Realty Group Trust by 2,405.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,613,164 shares of the real estate investment trust’s stock worth $187,682,000 after purchasing an additional 6,349,218 shares in the last quarter. Bank of America Corp DE boosted its position in Kite Realty Group Trust by 6.9% in the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock worth $142,009,000 after purchasing an additional 411,465 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Kite Realty Group Trust by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,897 shares of the real estate investment trust’s stock worth $91,395,000 after purchasing an additional 93,580 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
About Kite Realty Group Trust
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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