Shares of Kite Realty Group Trust (NYSE:KRG – Get Free Report) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $28.22.
Several research firms recently issued reports on KRG. Piper Sandler reissued a “neutral” rating and set a $27.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research report on Monday. JPMorgan Chase & Co. cut Kite Realty Group Trust from a “neutral” rating to an “underweight” rating and set a $27.00 price objective on the stock. in a research note on Thursday, September 24th. LADENBURG THALM/SH SH lifted their price objective on shares of Kite Realty Group Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings lowered shares of Kite Realty Group Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 28th.
Kite Realty Group Trust Stock Up 0.9%
Kite Realty Group Trust (NYSE:KRG – Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.68. The company had revenue of $196.26 million for 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, sell-side analysts forecast that Kite Realty Group Trust will post 2.10 earnings per share for the current fiscal year.
Kite Realty Group Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, October 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 71.60%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Cohen & Steers Inc. lifted its holdings in Kite Realty Group Trust by 26.3% in the fourth quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock worth $630,805,000 after acquiring an additional 5,486,116 shares during the last quarter. Centersquare Investment Management LLC boosted its stake 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. Dimensional Fund Advisors LP boosted its stake in Kite Realty Group Trust by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,200,466 shares of the real estate investment trust’s stock valued at $78,572,000 after acquiring an additional 10,289 shares during the period. Bank of New York Mellon Corp acquired a new position in Kite Realty Group Trust in the second quarter valued at approximately $44,463,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Kite Realty Group Trust by 499.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,251,733 shares of the real estate investment trust’s stock valued at $30,730,000 after purchasing an additional 1,043,075 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
Kite Realty Group Trust Company Profile
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops and manages open-air shopping centers in the United States. Its properties are primarily anchored by grocery stores and other essential retailers, with additional tenants including restaurants, service providers, health and wellness businesses, and specialty retailers.
The company focuses on neighborhood and community shopping centers designed to serve local markets. Its portfolio is concentrated in major metropolitan areas, particularly in the Sun Belt and other high-growth regions of the country.
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