Kite Realty Group Trust (NYSE:KRG – Get Free Report) has earned an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.00.
A number of equities research analysts have recently commented on KRG shares. Robert W. Baird raised their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research 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. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. Finally, UBS Group reiterated a “neutral” rating and set a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th.
Get Our Latest Stock Analysis on KRG
Kite Realty Group Trust Trading Up 0.3%
Kite Realty Group Trust (NYSE:KRG – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $200.70 million for the quarter, compared to analyst estimates 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. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.3%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 87.22%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of KRG. Los Angeles Capital Management LLC bought a new position in shares of Kite Realty Group Trust during the fourth quarter worth about $25,000. Arax Advisory Partners grew its holdings in shares of Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 726 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Kite Realty Group Trust by 44.4% during the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 467 shares in the last quarter. Finally, Danske Bank A S bought a new position in Kite Realty Group Trust in the third quarter valued at approximately $49,000. 90.81% of the stock is currently owned by institutional investors.
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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