Kite Realty Group Trust $KRG Stock Position Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in shares of Kite Realty Group Trust (NYSE:KRG) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,890 shares of the real estate investment trust’s stock after selling 19,345 shares during the quarter. Pacer Advisors Inc.’s holdings in Kite Realty Group Trust were worth $621,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. NewEdge Wealth LLC boosted its stake in Kite Realty Group Trust by 2.7% during the third quarter. NewEdge Wealth LLC now owns 18,058 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 467 shares in the last quarter. Versant Capital Management Inc lifted its position in Kite Realty Group Trust by 21.4% in the 3rd quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 544 shares in the last quarter. CWM LLC boosted its position in Kite Realty Group Trust by 17.9% during the third quarter. CWM LLC now owns 4,254 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 647 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kite Realty Group Trust by 118.4% during the 2nd 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. Finally, First Horizon Corp grew its position in Kite Realty Group Trust by 56.5% in the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 758 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

KRG has been the topic of a number of analyst reports. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Robert W. Baird lifted their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Wells Fargo & Company raised their price objective on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Citigroup reiterated 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. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Kite Realty Group Trust presently has an average rating of “Hold” and an average target price of $26.38.

Kite Realty Group Trust Trading Up 0.1%

Shares of KRG opened at $26.24 on Friday. The stock has a fifty day moving average price of $25.57 and a two-hundred day moving average price of $24.30. 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 52-week low of $20.86 and a 52-week high of $26.88. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 4.05 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) 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 business 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. Analysts predict that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 87.22%.

Kite Realty Group Trust 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.