Hsbc Holdings PLC Sells 208,214 Shares of Kite Realty Group Trust $KRG

Hsbc Holdings PLC reduced its holdings in Kite Realty Group Trust (NYSE:KRG) by 32.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 426,954 shares of the real estate investment trust’s stock after selling 208,214 shares during the period. Hsbc Holdings PLC’s holdings in Kite Realty Group Trust were worth $10,489,000 as of its most recent SEC filing.

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

Kite Realty Group Trust Price Performance

NYSE KRG opened at $29.33 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 4.20 and a beta of 0.85. The business has a 50 day simple moving average of $28.10 and a 200 day simple moving average of $26.10. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The company had revenue of $200.70 million during the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Analysts anticipate 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 was paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KRG. LADENBURG THALM/SH SH boosted their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Wells Fargo & Company reissued an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday, July 15th. Finally, UBS Group reiterated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Kite Realty Group Trust currently has an average rating of “Hold” and a consensus target price of $29.00.

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.