Shares of Kite Realty Group Trust (NYSE:KRG – Get 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
Kite Realty Group Trust (NYSE:KRG – Get 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
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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