Kite Realty Group Trust (NYSE:KRG) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Kite Realty Group Trust (NYSE:KRG – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

KRG has been the subject of several other research reports. Weiss Ratings restated a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday, July 15th. Wells Fargo & Company set a $32.00 price target on Kite Realty Group Trust and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. 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 research report on Thursday, July 9th. Finally, Piper Sandler restated a “neutral” rating and issued a $33.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kite Realty Group Trust currently has an average rating of “Hold” and a consensus target price of $30.14.

Get Our Latest Analysis on KRG

Kite Realty Group Trust Stock Down 2.0%

Kite Realty Group Trust stock opened at $28.05 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.61. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $29.92. The firm has a fifty day moving average price of $28.48 and a two-hundred day moving average price of $26.39. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 4.05 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.68. The company had revenue of $196.26 million for the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, analysts forecast that Kite Realty Group Trust will post 2.09 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, October 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 71.60%.

Hedge Funds Weigh In On Kite Realty Group Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Kite Realty Group Trust by 32.2% in the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after acquiring an additional 19,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kite Realty Group Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock valued at $2,893,000 after purchasing an additional 5,666 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 740 shares during the period. California Public Employees Retirement System raised its stake in shares of Kite Realty Group Trust by 14.5% in the second quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock valued at $8,731,000 after purchasing an additional 48,935 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Kite Realty Group Trust by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock worth $1,757,000 after purchasing an additional 2,386 shares during the period. 90.81% of the stock is currently owned by institutional investors.

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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