Kite Realty Group Trust (KRG) – What Are Investment Firms Saying About This Stock?

Kite Realty Group Trust (NYSE:KRG) has been given an average rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.89.

Several equities analysts recently issued reports on the company. Truist Financial set a $27.00 price target on Kite Realty Group Trust and gave the company a “hold” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. cut Kite Realty Group Trust from a “neutral” rating to an “underweight” rating and set a $27.00 price objective for the company. in a report on Thursday, September 24th. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. LADENBURG THALM/SH SH upped their target price on shares of 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. Finally, Piper Sandler reaffirmed 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.

Kite Realty Group Trust Stock Down 0.6%

Shares of KRG opened at $23.94 on Tuesday. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 4.33 and a beta of 0.88. 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 business’s fifty day moving average price is $25.74 and its two-hundred day moving average price is $26.68. Kite Realty Group Trust has a 52 week low of $21.33 and a 52 week high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.11 by $0.68. The company had revenue of $196.26 million during the quarter, compared to analysts’ expectations of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, analysts predict that Kite Realty Group Trust will post 2.10 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 9th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, October 9th. Kite Realty Group Trust’s payout ratio is 71.60%.

Hedge Funds Weigh In On Kite Realty Group Trust

Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Kite Realty Group Trust by 11.8% in the third quarter. Farther Finance Advisors LLC now owns 5,309 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 562 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Kite Realty Group Trust by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 312,504 shares of the real estate investment trust’s stock worth $8,869,000 after acquiring an additional 30,963 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Kite Realty Group Trust during the 2nd quarter valued at $5,065,000. Integrated Wealth Concepts LLC bought a new stake in shares of Kite Realty Group Trust during the 2nd quarter valued at $98,000. Finally, Allworth Financial LP raised its position in shares of Kite Realty Group Trust by 7.1% during the 2nd quarter. Allworth Financial LP now owns 17,363 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 1,156 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops and manages open-air shopping centers in the United States. Its properties are primarily anchored by grocery stores and other essential retailers, with additional tenants including restaurants, service providers, health and wellness businesses, and specialty retailers.

The company focuses on neighborhood and community shopping centers designed to serve local markets. Its portfolio is concentrated in major metropolitan areas, particularly in the Sun Belt and other high-growth regions of the country.