Kite Realty Group Trust (NYSE:KRG) Receives Average Rating of “Hold” from Analysts

Shares of Kite Realty Group Trust (NYSE:KRG) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.00.

A number of equities analysts have recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. KeyCorp downgraded Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 18th. Wells Fargo & Company set a $31.00 target price on Kite Realty Group Trust and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $33.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday, July 21st.

Institutional Trading of Kite Realty Group Trust

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in shares of Kite Realty Group Trust in the fourth quarter worth $25,000. Arax Advisory Partners grew its holdings in shares of Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 726 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 740 shares during the last quarter. Bessemer Group Inc. increased its position in shares of 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 valued at $37,000 after acquiring an additional 467 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Kite Realty Group Trust in the 2nd quarter valued at $37,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Down 0.2%

NYSE KRG opened at $25.98 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm has a market cap of $5.20 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 4.03 and a beta of 0.84. The company has a 50 day moving average price of $27.46 and a 200 day moving average price of $26.82. Kite Realty Group Trust has a 52 week low of $21.33 and a 52 week high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. The company had revenue of $196.26 million during the quarter, compared to analysts’ expectations of $197.32 million. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, sell-side analysts forecast that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, October 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio is 71.60%.

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.