Kite Realty Group Trust $KRG Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 61.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,396 shares of the real estate investment trust’s stock after buying an additional 31,487 shares during the period. Thrivent Financial for Lutherans’ holdings in Kite Realty Group Trust were worth $1,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KRG. AQR Capital Management LLC boosted its position in 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 valued at $1,797,000 after buying an additional 19,731 shares during the last quarter. 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 worth $2,893,000 after acquiring an additional 5,666 shares during the last quarter. 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 worth $31,000 after acquiring an additional 740 shares during the last quarter. California Public Employees Retirement System lifted 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 worth $8,731,000 after acquiring an additional 48,935 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of 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 acquiring an additional 2,386 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KRG. Wells Fargo & Company restated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday. Robert W. Baird upped their target price on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. UBS Group reissued a “neutral” rating and set a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Finally, Citigroup restated a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.00.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $27.46 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. Kite Realty Group Trust has a one year low of $20.86 and a one year high of $27.53. The company’s 50-day simple moving average is $25.72 and its 200-day simple moving average is $24.54. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 4.18 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The firm had revenue of $200.70 million during 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. Equities analysts anticipate that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s payout ratio is 87.22%.

Kite Realty Group Trust Company Profile

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.