Kite Realty Group Trust (NYSE:KRG) Reaches New 52-Week High on Better-Than-Expected Earnings

Kite Realty Group Trust (NYSE:KRG) hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $25.45 and last traded at $25.31, with a volume of 28738 shares traded. The stock had previously closed at $25.03.

The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.35. Kite Realty Group Trust had a net margin of 16.34% and a return on equity of 4.27%. The firm had revenue of $204.94 million during the quarter, compared to analyst estimates of $204.48 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a $0.29 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, January 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 181.25%.

Wall Street Analysts Forecast Growth

KRG has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $24.00 price objective (up from $23.00) on shares of Kite Realty Group Trust in a research note on Monday, December 15th. UBS Group restated a “neutral” rating and issued a $25.00 target price (up previously from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Wells Fargo & Company upgraded shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $23.00 to $25.00 in a report on Tuesday, October 21st. Wall Street Zen downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kite Realty Group Trust in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.43.

Institutional Investors Weigh In On Kite Realty Group Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new position in Kite Realty Group Trust in the third quarter worth approximately $516,000. Candriam S.C.A. purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $2,066,000. AlphaQuest LLC raised its position in shares of Kite Realty Group Trust by 227.5% in the 3rd quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock worth $1,403,000 after acquiring an additional 43,716 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Kite Realty Group Trust in the 2nd quarter worth $1,882,000. Finally, Versor Investments LP lifted its stake in shares of Kite Realty Group Trust by 471.7% during the 3rd quarter. Versor Investments LP now owns 72,612 shares of the real estate investment trust’s stock worth $1,619,000 after purchasing an additional 59,912 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Stock Performance

The business has a 50-day moving average of $23.79 and a two-hundred day moving average of $22.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $5.52 billion, a P/E ratio of 39.88, a P/E/G ratio of 6.32 and a beta of 0.91.

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.