Hsbc Holdings PLC Buys 146,264 Shares of Kite Realty Group Trust $KRG

Hsbc Holdings PLC lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 29.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 635,168 shares of the real estate investment trust’s stock after buying an additional 146,264 shares during the quarter. Hsbc Holdings PLC’s holdings in Kite Realty Group Trust were worth $15,228,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Kite Realty Group Trust in the 4th quarter valued at about $25,000. Arax Advisory Partners boosted its holdings in shares of Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 726 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 worth $31,000 after acquiring an additional 740 shares during the period. Danske Bank A S acquired a new position in shares of Kite Realty Group Trust in the third quarter valued at approximately $49,000. Finally, First Horizon Corp grew its position 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 valued at $50,000 after purchasing an additional 758 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KRG. UBS Group reissued a “neutral” rating and set a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Wells Fargo & Company reissued an “overweight” rating and set a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. LADENBURG THALM/SH SH boosted their target price on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.43.

Kite Realty Group Trust Trading Up 1.3%

Shares of KRG stock opened at $28.84 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a market cap of $5.86 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 4.03 and a beta of 0.85. The stock has a 50 day simple moving average of $27.54 and a 200 day simple moving average of $25.71. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $29.40.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $200.70 million for the quarter, compared to the consensus estimate 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. On average, research analysts predict that Kite Realty Group Trust will post 2.09 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be given a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.0%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 87.22%.

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.