Kite Realty Group Trust (NYSE:KRG) Given Consensus Rating of “Hold” by Analysts

Shares of Kite Realty Group Trust (NYSE:KRG) have earned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $29.00.

KRG has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH boosted their target price on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $33.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a research report on Tuesday. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Finally, UBS Group reissued a “neutral” rating and issued a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th.

Institutional Investors Weigh In On Kite Realty Group Trust

Several institutional investors have recently made changes to their positions in KRG. Cohen & Steers Inc. grew its position in shares of 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 purchasing an additional 5,486,116 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Kite Realty Group Trust by 1.3% during the 4th quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock worth $197,436,000 after purchasing an additional 105,830 shares in the last quarter. Bank of America Corp DE boosted its stake in Kite Realty Group Trust by 6.9% in the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock worth $142,009,000 after purchasing an additional 411,465 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Kite Realty Group Trust by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,897 shares of the real estate investment trust’s stock worth $91,395,000 after purchasing an additional 93,580 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kite Realty Group Trust by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock valued at $73,052,000 after buying an additional 165,889 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 1.7%

Shares of KRG stock opened at $29.33 on Thursday. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $29.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $28.10 and a two-hundred day simple moving average of $26.10. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 4.20 and a beta of 0.85.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate 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. Research analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. Kite Realty Group Trust’s payout ratio is 87.22%.

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.