Kite Realty Group Trust (NYSE:KRG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kite Realty Group Trust (NYSE:KRG) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.00.

KRG has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday, July 21st. KeyCorp downgraded shares of Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 18th. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $31.00 target price on Kite Realty Group Trust and gave the company an “overweight” rating in a research note on Tuesday, September 1st.

Institutional Investors Weigh In On Kite Realty Group Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRG. Bessemer Group Inc. raised its stake in Kite Realty Group Trust by 44.4% during 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. Ameritas Advisory Services LLC bought a new position in Kite Realty Group Trust in the 2nd quarter worth approximately $37,000. Rockefeller Capital Management L.P. grew its holdings in Kite Realty Group Trust by 246.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,884 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 2,051 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Kite Realty Group Trust by 279.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,457 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 2,547 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Kite Realty Group Trust during the second quarter valued at approximately $98,000. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Down 0.9%

Shares of NYSE:KRG opened at $25.42 on Friday. Kite Realty Group Trust has a 52-week low of $21.33 and a 52-week high of $29.92. The firm has a market capitalization of $5.09 billion, a P/E ratio of 15.69, a P/E/G ratio of 3.97 and a beta of 0.84. The stock has a 50 day moving average price of $27.17 and a 200-day moving average price of $26.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.68. The firm had revenue of $196.26 million during the quarter, compared to analyst estimates of $197.32 million. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities research analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 9th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.6%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 71.60%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops, acquires and operates open-air shopping centers in the United States. Its portfolio is primarily focused on grocery-anchored and other necessity-based retail properties, along with select mixed-use assets.

The company leases space to a variety of retailers, restaurants, service providers and other tenants. Its properties are generally located in established, high-growth communities and are designed to serve everyday consumer needs.