VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 182,350 Shares of Kite Realty Group Trust $KRG

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Kite Realty Group Trust (NYSE:KRG) by 99.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 365,777 shares of the real estate investment trust’s stock after acquiring an additional 182,350 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Kite Realty Group Trust were worth $8,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of Kite Realty Group Trust during the third quarter valued at about $516,000. Candriam S.C.A. purchased a new position in shares of Kite Realty Group Trust during the third quarter valued at about $2,066,000. Envestnet Asset Management Inc. increased its position in shares of Kite Realty Group Trust by 22.4% during the third quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock valued at $6,699,000 after buying an additional 54,914 shares during the period. Centersquare Investment Management LLC increased its position in shares of Kite Realty Group Trust by 9.9% during the third quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock valued at $181,320,000 after buying an additional 733,378 shares during the period. Finally, AlphaQuest LLC increased its position in shares of Kite Realty Group Trust by 227.5% during the third quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock valued at $1,403,000 after buying an additional 43,716 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KRG. Citigroup reiterated 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. Weiss Ratings upgraded shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Robert W. Baird upped their price objective 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. Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.38.

Kite Realty Group Trust Price Performance

KRG opened at $26.22 on Thursday. The stock has a 50-day moving average price of $25.56 and a 200-day moving average price of $24.27. 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 firm has a market cap of $5.32 billion, a PE ratio of 19.71, a P/E/G ratio of 4.14 and a beta of 0.86. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $26.88.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $200.70 million during 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. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 87.22%.

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.