Susquehanna Advisors Group Inc. Makes New Investment in Kite Realty Group Trust $KRG

Susquehanna Advisors Group Inc. purchased a new stake in shares of Kite Realty Group Trust (NYSE:KRG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,900 shares of the real estate investment trust’s stock, valued at approximately $962,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna International Group LLP increased its holdings in shares of Kite Realty Group Trust by 65.5% in the second quarter. Susquehanna International Group LLP now owns 156,514 shares of the real estate investment trust’s stock worth $4,442,000 after buying an additional 61,948 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Kite Realty Group Trust by 0.4% in the 2nd quarter. Hsbc Holdings PLC now owns 428,790 shares of the real estate investment trust’s stock valued at $12,187,000 after acquiring an additional 1,836 shares during the last quarter. Empowered Funds LLC purchased a new stake in Kite Realty Group Trust during the 2nd quarter valued at about $205,000. United Capital Financial Advisors LLC boosted its holdings in Kite Realty Group Trust by 4.9% during the 2nd quarter. United Capital Financial Advisors LLC now owns 9,747 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 453 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in Kite Realty Group Trust during the 2nd quarter worth approximately $4,831,000. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on KRG shares. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Citigroup reiterated a “neutral” rating and set a $31.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. LADENBURG THALM/SH SH increased their price target 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. Piper Sandler reissued a “neutral” rating and issued a $33.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a report on Tuesday, July 21st. Finally, Wells Fargo & Company set a $32.00 price objective on shares of Kite Realty Group Trust and gave the company an “overweight” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.14.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $26.04 on Monday. The firm 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 stock has a fifty day moving average of $27.92 and a 200 day moving average of $26.77. Kite Realty Group Trust has a 52 week low of $21.33 and a 52 week high of $29.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Kite Realty Group Trust (NYSE:KRG) last issued 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. 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 for the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, research analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.5%. Kite Realty Group Trust’s payout ratio is presently 71.60%.

Kite Realty Group Trust 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.