Kennedy Capital Management LLC Has $19.88 Million Stake in Kite Realty Group Trust $KRG

Kennedy Capital Management LLC increased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 829,404 shares of the real estate investment trust’s stock after buying an additional 53,490 shares during the period. Kennedy Capital Management LLC’s holdings in Kite Realty Group Trust were worth $19,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KRG. Cohen & Steers Inc. increased its holdings in shares of Kite Realty Group Trust by 26.3% in the fourth quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock valued at $630,805,000 after purchasing an additional 5,486,116 shares during the last quarter. Norges Bank acquired a new position in shares of Kite Realty Group Trust in the fourth quarter valued at $61,863,000. Lasalle Investment Management Securities LLC grew its stake in shares of Kite Realty Group Trust by 177.3% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,815,190 shares of the real estate investment trust’s stock valued at $62,779,000 after acquiring an additional 1,799,866 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Kite Realty Group Trust by 434.7% in the fourth quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock valued at $41,213,000 after acquiring an additional 1,397,837 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Kite Realty Group Trust by 171.0% in the second quarter. Sei Investments Co. now owns 1,711,094 shares of the real estate investment trust’s stock valued at $38,756,000 after acquiring an additional 1,079,727 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Wall Street Zen lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. LADENBURG THALM/SH SH raised their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group restated a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Finally, Robert W. Baird raised their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Three 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 company presently has an average rating of “Hold” and an average target price of $27.43.

Kite Realty Group Trust Price Performance

KRG opened at $29.17 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 4.52 and a beta of 0.86. The firm’s fifty day moving average price is $26.52 and its two-hundred day moving average price is $25.03. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $200.70 million for 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 anticipate that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The company 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s payout ratio is currently 87.22%.

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.