Susquehanna Advisors Group Inc. Takes $962,000 Position in Kite Realty Group Trust $KRG

Susquehanna Advisors Group Inc. purchased a new stake in shares of Kite Realty Group Trust (NYSE:KRG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 33,900 shares of the real estate investment trust’s stock, valued at approximately $962,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Kite Realty Group Trust during the fourth quarter valued at $25,000. Arax Advisory Partners grew its position in shares of Kite Realty Group Trust by 182.0% in the 4th quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 726 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kite Realty Group Trust by 118.4% in the 2nd 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 in the last quarter. Bessemer Group Inc. increased its stake 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 worth $37,000 after acquiring an additional 467 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Kite Realty Group Trust during the 3rd quarter valued at about $49,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Price Performance

Shares of NYSE:KRG opened at $26.04 on Monday. Kite Realty Group Trust has a fifty-two week low of $21.33 and a fifty-two week high of $29.92. The business has a 50-day simple moving average of $27.92 and a two-hundred day simple moving average of $26.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 4.02 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.68. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.The firm had revenue of $196.26 million for the quarter, compared to analysts’ expectations of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

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

Analyst Ratings Changes

KRG has been the topic of several research reports. Piper Sandler reissued a “neutral” rating and set a $33.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday, July 21st. Citigroup reiterated a “neutral” rating and set a $31.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Kite Realty Group Trust in a research report 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 note on Thursday, July 23rd. Finally, LADENBURG THALM/SH SH raised their price objective on Kite Realty Group Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kite Realty Group Trust has an average rating of “Hold” and an average target price of $30.14.

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.