Geode Capital Management LLC Has $140.98 Million Stock Holdings in Kite Realty Group Trust $KRG

Geode Capital Management LLC lessened its holdings in Kite Realty Group Trust (NYSE:KRG) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,880,604 shares of the real estate investment trust’s stock after selling 54,310 shares during the quarter. Geode Capital Management LLC’s holdings in Kite Realty Group Trust were worth $140,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KRG. AQR Capital Management LLC boosted its position in shares of Kite Realty Group Trust by 32.2% in the first quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after buying an additional 19,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kite Realty Group Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after buying an additional 5,666 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Kite Realty Group Trust by 118.4% in 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 period. California Public Employees Retirement System boosted its position in shares of Kite Realty Group Trust by 14.5% in the second quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock worth $8,731,000 after buying an additional 48,935 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Kite Realty Group Trust by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock worth $1,757,000 after buying an additional 2,386 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Price Performance

Shares of NYSE:KRG opened at $27.28 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $27.58. The business has a fifty day simple moving average of $26.02 and a 200 day simple moving average of $24.78. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 4.15 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last announced 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 analysts’ expectations of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, sell-side analysts predict that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 87.22%.

Analyst Ratings Changes

Several brokerages recently issued reports on KRG. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Robert W. Baird increased their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. UBS Group reiterated a “neutral” rating and set a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Finally, Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.00.

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.