Strs Ohio Decreases Stock Position in Kite Realty Group Trust $KRG

Strs Ohio lessened its stake in Kite Realty Group Trust (NYSE:KRG) by 45.7% in the first quarter, HoldingsChannel reports. The fund owned 416,058 shares of the real estate investment trust’s stock after selling 350,700 shares during the period. Strs Ohio’s holdings in Kite Realty Group Trust were worth $10,214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KRG. Los Angeles Capital Management LLC bought a new position in Kite Realty Group Trust during the 4th quarter worth approximately $25,000. Arax Advisory Partners lifted its position in 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $31,000 after purchasing an additional 740 shares during the period. Danske Bank A S purchased a new stake in shares of Kite Realty Group Trust during the third quarter valued at approximately $49,000. Finally, First Horizon Corp grew its holdings in shares of Kite Realty Group Trust by 56.5% in the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 758 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KRG has been the subject of several analyst reports. 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. UBS Group reiterated a “neutral” rating and set a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Wells Fargo & Company reissued an “overweight” rating and issued a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Finally, LADENBURG THALM/SH SH lifted their price objective on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.43.

Kite Realty Group Trust Stock Down 0.1%

KRG stock opened at $28.64 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $29.40. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 4.05 and a beta of 0.85. The business’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $25.64.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, analysts forecast that Kite Realty Group Trust will post 2.09 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. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.0%. Kite Realty Group Trust’s payout ratio is presently 87.22%.

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.