Kite Realty Group Trust $KRG Stock Position Raised by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in Kite Realty Group Trust (NYSE:KRG) by 9.6% in the first quarter, Holdings Channel.com reports. The fund owned 493,591 shares of the real estate investment trust’s stock after acquiring an additional 43,135 shares during the quarter. California Public Employees Retirement System’s holdings in Kite Realty Group Trust were worth $12,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KRG. Bessemer Group Inc. lifted its holdings in Kite Realty Group Trust by 44.4% in the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 467 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Kite Realty Group Trust by 1.8% during the first quarter. State of Michigan Retirement System now owns 52,095 shares of the real estate investment trust’s stock valued at $1,279,000 after purchasing an additional 900 shares during the period. Principal Financial Group Inc. raised its stake in shares of Kite Realty Group Trust by 52.5% in the first quarter. Principal Financial Group Inc. now owns 715,319 shares of the real estate investment trust’s stock valued at $17,561,000 after purchasing an additional 246,285 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Kite Realty Group Trust by 22.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 152,153 shares of the real estate investment trust’s stock valued at $3,735,000 after purchasing an additional 27,551 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Kite Realty Group Trust by 126.7% in the first quarter. Sequoia Financial Advisors LLC now owns 39,550 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 22,101 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KRG. LADENBURG THALM/SH SH lifted their price target on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. UBS Group reaffirmed a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Kite Realty Group Trust in a research report on Wednesday, July 15th. Finally, Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Kite Realty Group Trust currently has an average rating of “Hold” and a consensus target price of $29.43.

Kite Realty Group Trust Trading Up 1.3%

NYSE:KRG opened at $29.29 on Friday. The stock has a market capitalization of $5.95 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 4.07 and a beta of 0.85. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $29.92. 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 50-day simple moving average is $28.22 and its 200-day simple moving average is $26.16.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data 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). The company had revenue of $200.70 million for the quarter, compared to analyst estimates 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. Sell-side analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. Kite Realty Group Trust’s dividend 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.