Kite Realty Group Trust $KRG Holdings Raised by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its position in shares of Kite Realty Group Trust (NYSE:KRG) by 65.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,514 shares of the real estate investment trust’s stock after acquiring an additional 61,948 shares during the period. Susquehanna International Group LLP’s holdings in Kite Realty Group Trust were worth $4,442,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its holdings in Kite Realty Group Trust by 0.4% in the second quarter. Hsbc Holdings PLC now owns 428,790 shares of the real estate investment trust’s stock worth $12,187,000 after purchasing an additional 1,836 shares during the period. Empowered Funds LLC bought a new stake in Kite Realty Group Trust during the second quarter valued at $205,000. United Capital Financial Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 4.9% during the second quarter. United Capital Financial Advisors LLC now owns 9,747 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 453 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth $4,831,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Kite Realty Group Trust in the 2nd quarter worth about $44,463,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Performance

KRG stock opened at $26.04 on Monday. Kite Realty Group Trust has a 1 year low of $21.33 and a 1 year high of $29.92. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 4.02 and a beta of 0.86. 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 stock’s fifty day moving average is $27.92 and its two-hundred day moving average is $26.77.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, research analysts predict that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders 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 yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio is 71.60%.

Analysts Set New Price Targets

Several research analysts have recently commented on KRG shares. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. UBS Group reiterated a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Thursday, July 9th. Citigroup reissued a “neutral” rating and issued a $31.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. Wall Street Zen raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.14.

Kite Realty Group Trust Company Profile

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.