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

by · The Markets Daily

Shares of Kite Realty Group Trust (NYSE:KRG – Get Free Report) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $27.00.

A number of research analysts have weighed in on KRG shares. Robert W. Baird raised their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th.

Read Our Latest Stock Analysis on KRG

Kite Realty Group Trust Stock Up 0.3%

KRG stock opened at $27.01 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average price of $25.87 and a two-hundred day moving average price of $24.68. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 4.16 and a beta of 0.86. Kite Realty Group Trust has a twelve month low of $20.86 and a twelve month high of $27.58.

Kite Realty Group Trust (NYSE:KRG – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $200.70 million during the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 87.22%.

Institutional Trading of Kite Realty Group Trust

A number of hedge funds have recently made changes to their positions in the business. Edgestream Partners L.P. acquired a new stake in shares of Kite Realty Group Trust in the first quarter valued at approximately $307,000. Amundi lifted its position in shares of Kite Realty Group Trust by 3.2% in the first quarter. Amundi now owns 123,135 shares of the real estate investment trust’s stock valued at $3,023,000 after buying an additional 3,858 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Kite Realty Group Trust by 26.0% in the first quarter. California State Teachers Retirement System now owns 263,946 shares of the real estate investment trust’s stock valued at $6,480,000 after buying an additional 54,425 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Kite Realty Group Trust by 12.4% in the first quarter. Quantinno Capital Management LP now owns 77,778 shares of the real estate investment trust’s stock valued at $1,909,000 after buying an additional 8,557 shares during the last quarter. Finally, SummitTX Capital L.P. lifted its position in shares of Kite Realty Group Trust by 45.4% in the first quarter. SummitTX Capital L.P. now owns 355,188 shares of the real estate investment trust’s stock valued at $8,720,000 after buying an additional 110,852 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Company Profile

(Get Free Report)

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.

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