Strs Ohio Cuts Stock Position in Kite Realty Group Trust $KRG

Strs Ohio lowered its holdings in Kite Realty Group Trust (NYSE:KRG) by 23.2% during the 4th quarter, Holdings Channel reports. The firm owned 766,758 shares of the real estate investment trust’s stock after selling 231,500 shares during the period. Strs Ohio’s holdings in Kite Realty Group Trust were worth $18,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming purchased a new position in Kite Realty Group Trust in the third quarter worth $516,000. Candriam S.C.A. purchased a new position in Kite Realty Group Trust in the third quarter worth $2,066,000. Envestnet Asset Management Inc. boosted its position in Kite Realty Group Trust by 22.4% in the third quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock worth $6,699,000 after purchasing an additional 54,914 shares during the last quarter. Centersquare Investment Management LLC boosted its position in Kite Realty Group Trust by 9.9% in the third quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock worth $181,320,000 after purchasing an additional 733,378 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in Kite Realty Group Trust by 227.5% in the third quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock worth $1,403,000 after purchasing an additional 43,716 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

KRG has been the topic of several research analyst reports. Robert W. Baird boosted their price objective 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 research report on Saturday. Citigroup reaffirmed a “neutral” rating and set a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Wells Fargo & Company upped their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Finally, UBS Group reaffirmed a “neutral” rating and set a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.38.

Kite Realty Group Trust Stock Down 0.1%

Shares of NYSE KRG opened at $26.33 on Monday. Kite Realty Group Trust has a one year low of $20.86 and a one year high of $26.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day moving average price is $25.49 and its 200-day moving average price is $24.08. The stock has a market capitalization of $5.35 billion, a PE ratio of 19.79, a P/E/G ratio of 4.77 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $200.70 million for the quarter, compared to analysts’ expectations 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. On average, equities research 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 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 of this dividend is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.4%. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

Kite Realty Group Trust 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.