Kite Realty Group Trust (NYSE:KRG) Receives Average Recommendation of “Hold” from Analysts

Shares of Kite Realty Group Trust (NYSE:KRG) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.3750.

Several research firms have issued reports on KRG. Wells Fargo & Company upped their price objective on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup reissued 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. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Finally, Robert W. Baird increased their price target on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th.

Kite Realty Group Trust Stock Down 0.4%

NYSE:KRG opened at $26.63 on Friday. The stock’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $24.17. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $26.82. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 4.13 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 for 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. On average, analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in shares of Kite Realty Group Trust in the 4th quarter valued at $25,000. Arax Advisory Partners lifted its stake 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 valued at $27,000 after purchasing an additional 726 shares during the period. First Horizon Corp acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted 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 valued at $31,000 after purchasing an additional 740 shares during the period. Finally, Bessemer Group Inc. lifted 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 valued at $37,000 after purchasing an additional 467 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.