State of Wyoming Has $140,000 Position in Kite Realty Group Trust $KRG

State of Wyoming lessened its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 76.4% during the 1st quarter, HoldingsChannel reports. The firm owned 5,691 shares of the real estate investment trust’s stock after selling 18,466 shares during the period. State of Wyoming’s holdings in Kite Realty Group Trust were worth $140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $25,000. Arax Advisory Partners lifted its stake in Kite Realty Group Trust by 182.0% in the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 726 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Kite Realty Group Trust by 118.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 740 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Kite Realty Group Trust by 44.4% in the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 467 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Kite Realty Group Trust in the third quarter valued at approximately $49,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

More Kite Realty Group Trust News

Here are the key news stories impacting Kite Realty Group Trust this week:

• Positive Sentiment: Analyst upgrade: Ladenburg Thalmann raised its price target to $34 from $33 and assigned a “buy” rating, implying approximately 19% upside from the referenced market price. Benzinga analyst price target report
• Positive Sentiment: Improving property operations: Second-quarter same-property NOI increased 3.7%, while the retail portfolio’s leased rate rose 150 basis points year over year to 94.8%. Leasing spreads were strong at 15.9% overall and 28.4% on comparable new leases.
• Positive Sentiment: Higher outlook for organic growth: KRG raised its 2026 same-property NOI growth forecast to 3%-4% from 2.5%-3.5%, citing better bad-debt assumptions and lower projected interest expense. Full-year Core and NAREIT FFO guidance remained $2.06-$2.12 per share. KRG raises same-property NOI guidance
• Positive Sentiment: Capital returns and balance-sheet actions: KRG declared a $0.29 quarterly dividend, up 7.4% year over year, and repurchased approximately 2.8 million shares for $75.7 million. It also sold $314 million of non-core assets and plans to use proceeds from a $345 million exchangeable-notes offering to address debt maturing in October.
• Neutral Sentiment: Headline earnings benefited from one-time items: Net income attributable to common shareholders rose to $161.3 million, or $0.79 per diluted share, from $110.3 million a year earlier. However, the result included substantial gains on property sales and a joint-venture deconsolidation. Core FFO was $0.52 per share, essentially in line with estimates and only modestly above last year’s $0.50. KRG second-quarter operating results
• Negative Sentiment: Revenue declined: Quarterly revenue fell to approximately $196.3 million from $213.4 million, reflecting the impact of asset dispositions and portfolio reshaping.
• Negative Sentiment: Valuation and insider signals: With shares trading near their 52-week high, the stock may have already priced in much of the improved outlook. Recent disclosed insider activity showed two sales and no purchases, which could add caution.

Kite Realty Group Trust Price Performance

Shares of KRG opened at $28.58 on Friday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 17.64, a P/E/G ratio of 4.03 and a beta of 0.85. Kite Realty Group Trust has a twelve month low of $20.86 and a twelve month high of $29.92. The company has a 50 day moving average of $28.46 and a 200-day moving average of $26.33. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. The company had revenue of $196.26 million for the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities research analysts forecast that Kite Realty Group Trust will post 2.09 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, October 9th. Kite Realty Group Trust’s payout ratio is presently 87.22%.

Analyst Ratings Changes

A number of brokerages recently commented on KRG. LADENBURG THALM/SH SH raised their price objective on shares of Kite Realty Group Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday. 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. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Wells Fargo & Company set a $32.00 price target on Kite Realty Group Trust and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.57.

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.