Brokerages Set Kite Realty Group Trust (NYSE:KRG) Target Price at $27.00

Shares of Kite Realty Group Trust (NYSE:KRG) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.00.

Several research firms have recently weighed in on KRG. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. UBS Group reissued a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, May 18th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Citigroup reaffirmed a “neutral” rating and set a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Finally, Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KRG. Arax Advisory Partners grew its position in shares of Kite Realty Group Trust by 182.0% in the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 726 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Kite Realty Group Trust during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 740 shares during the last quarter. Bessemer Group Inc. grew its holdings in 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 buying an additional 467 shares in the last quarter. Finally, First Horizon Corp increased its stake in shares of Kite Realty Group Trust by 56.5% in the 4th 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 during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Up 2.8%

KRG opened at $28.67 on Wednesday. Kite Realty Group Trust has a twelve month low of $20.86 and a twelve month high of $28.83. 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 company has a 50-day moving average price of $26.25 and a 200 day moving average price of $24.91. The company has a market cap of $5.82 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 4.31 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last posted 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 return on equity of 9.21% and a net margin of 34.74%.The firm had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Sell-side analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 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.