Kite Realty Group Trust (NYSE:KRG) Receives $30.14 Consensus Price Target from Analysts

Kite Realty Group Trust (NYSE:KRG) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.1429.

A number of equities analysts recently weighed in on KRG shares. Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a report on Tuesday, July 21st. LADENBURG THALM/SH SH boosted their price objective on Kite Realty Group Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 31st. UBS Group reaffirmed a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research note on Thursday, July 9th. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Finally, KeyCorp cut shares of Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 18th.

Kite Realty Group Trust Stock Up 0.0%

KRG stock opened at $26.16 on Monday. Kite Realty Group Trust has a one year low of $21.33 and a one year high of $29.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s fifty day moving average is $28.13 and its 200 day moving average is $26.70. The firm has a market cap of $5.24 billion, a PE ratio of 16.15, a P/E/G ratio of 3.86 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.68. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. The business had revenue of $196.26 million during the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, research analysts forecast that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be given a $0.29 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 71.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Centersquare Investment Management LLC lifted its stake in shares of Kite Realty Group Trust by 1.3% in the fourth quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock worth $197,436,000 after buying an additional 105,830 shares in the last quarter. Norges Bank acquired a new position in Kite Realty Group Trust during the fourth quarter worth about $61,863,000. UBS Group AG grew its stake in Kite Realty Group Trust by 37.3% during the 4th quarter. UBS Group AG now owns 962,606 shares of the real estate investment trust’s stock valued at $23,074,000 after acquiring an additional 261,630 shares in the last quarter. M&T Bank Corp grew its stake in Kite Realty Group Trust by 6,888.0% during the 4th quarter. M&T Bank Corp now owns 971,265 shares of the real estate investment trust’s stock valued at $23,281,000 after acquiring an additional 957,366 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Kite Realty Group Trust by 58.1% during the 4th quarter. Handelsbanken Fonder AB now owns 102,033 shares of the real estate investment trust’s stock valued at $2,446,000 after acquiring an additional 37,500 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

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.