Hsbc Holdings PLC Raises Holdings in Kite Realty Group Trust $KRG

Hsbc Holdings PLC increased its position in Kite Realty Group Trust (NYSE:KRG) by 29.9% in the 4th quarter, Holdings Channel reports. The firm owned 635,168 shares of the real estate investment trust’s stock after buying an additional 146,264 shares during the period. Hsbc Holdings PLC’s holdings in Kite Realty Group Trust were worth $15,228,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Cohen & Steers Inc. lifted its stake 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 valued at $630,805,000 after buying an additional 5,486,116 shares during the last quarter. Norges Bank purchased a new position in Kite Realty Group Trust during the fourth quarter worth about $61,863,000. Lasalle Investment Management Securities LLC lifted its holdings in shares of Kite Realty Group Trust by 177.3% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,815,190 shares of the real estate investment trust’s stock valued at $62,779,000 after buying an additional 1,799,866 shares during the period. Deutsche Bank AG lifted its holdings in Kite Realty Group Trust by 434.7% in the fourth quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock valued at $41,213,000 after acquiring an additional 1,397,837 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Kite Realty Group Trust by 171.0% in the second quarter. Sei Investments Co. now owns 1,711,094 shares of the real estate investment trust’s stock valued at $38,756,000 after purchasing an additional 1,079,727 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock opened at $28.96 on Friday. The firm’s 50-day simple moving average is $27.13 and its 200-day simple moving average is $25.39. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $29.40. The firm has a market cap of $5.88 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 4.07 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

Kite Realty Group Trust (NYSE:KRG) last released its 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). Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.The firm had revenue of $200.70 million for the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Equities analysts forecast that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KRG shares. UBS Group reaffirmed 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. Wells Fargo & Company restated 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. LADENBURG THALM/SH SH boosted their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.43.

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.