Kite Realty Group Trust (NYSE:KRG) Cut to “Underweight” at JPMorgan Chase & Co.

Posted by George Bondi on Sep 27th, 2026

JPMorgan Chase & Co. cut shares of Kite Realty Group Trust (NYSE:KRG – Free Report) from a neutral rating to an underweight rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has $27.00 price target on the real estate investment trust’s stock.

KRG has been the subject of a number of other reports. Wall Street Zen raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. LADENBURG THALM/SH SH increased their price objective on shares of Kite Realty Group Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Piper Sandler reissued a “neutral” rating and issued a $33.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research report on Tuesday, July 21st. KeyCorp cut shares of Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 18th. Finally, Citigroup reaffirmed a “neutral” rating and set a $31.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.62.

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Kite Realty Group Trust Price Performance

Shares of NYSE KRG opened at $24.80 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $26.71 and its two-hundred day moving average price is $26.76. The company has a market cap of $4.97 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 3.83 and a beta of 0.84. Kite Realty Group Trust has a twelve month low of $21.33 and a twelve month high of $29.92.

Kite Realty Group Trust (NYSE:KRG – Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.11 by $0.68. The company had revenue of $196.26 million during the quarter, compared to the consensus estimate 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. On average, analysts predict 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, October 9th. Kite Realty Group Trust’s dividend payout ratio is 71.60%.

Institutional Trading of Kite Realty Group Trust

Several large investors have recently made changes to their positions in the company. United Capital Financial Advisors LLC boosted its holdings in shares of Kite Realty Group Trust by 4.9% in the second quarter. United Capital Financial Advisors LLC now owns 9,747 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 453 shares during the period. Parallel Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 7.2% during the first quarter. Parallel Advisors LLC now owns 6,897 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 461 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Kite Realty Group Trust by 44.4% in the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 467 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Kite Realty Group Trust by 3.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 488 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Kite Realty Group Trust by 1.8% during the first quarter. State of Michigan Retirement System now owns 52,095 shares of the real estate investment trust’s stock worth $1,279,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds 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 owns, develops, redevelops, acquires and operates open-air shopping centers in the United States. Its portfolio is primarily focused on grocery-anchored and other necessity-based retail properties, along with select mixed-use assets.

The company leases space to a variety of retailers, restaurants, service providers and other tenants. Its properties are generally located in established, high-growth communities and are designed to serve everyday consumer needs.