Kite Realty Group Trust (NYSE:KRG) Given Average Recommendation of “Hold” by Brokerages

Kite Realty Group Trust (NYSE:KRG) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.3750.

KRG has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating and set a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Robert W. Baird upped their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. 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. Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company upped their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th.

Kite Realty Group Trust Stock Performance

Shares of KRG opened at $25.92 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. The stock has a market capitalization of $5.26 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 4.05 and a beta of 0.86. The firm’s fifty day simple moving average is $25.57 and its two-hundred day simple moving average is $24.31. Kite Realty Group Trust has a 12 month low of $20.86 and a 12 month high of $26.88.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results 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 firm had revenue of $200.70 million for the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, analysts predict that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

Hedge Funds Weigh In On Kite Realty Group Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SummitTX Capital L.P. boosted its position in shares of Kite Realty Group Trust by 45.4% during the 1st quarter. SummitTX Capital L.P. now owns 355,188 shares of the real estate investment trust’s stock worth $8,720,000 after purchasing an additional 110,852 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Kite Realty Group Trust by 12.9% during the 1st quarter. Lazard Asset Management LLC now owns 61,177 shares of the real estate investment trust’s stock worth $1,502,000 after purchasing an additional 6,987 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Kite Realty Group Trust during the 1st quarter worth about $392,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Kite Realty Group Trust by 499.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,251,733 shares of the real estate investment trust’s stock worth $30,730,000 after purchasing an additional 1,043,075 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Kite Realty Group Trust during the 1st quarter worth about $1,785,000. Institutional investors own 90.81% of the company’s stock.

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.