WINTON GROUP Ltd Invests $5.07 Million in Kite Realty Group Trust $KRG

WINTON GROUP Ltd purchased a new position in Kite Realty Group Trust (NYSE:KRG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 178,479 shares of the real estate investment trust’s stock, valued at approximately $5,065,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Kite Realty Group Trust by 32.2% in the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after buying an additional 19,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kite Realty Group Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock valued at $2,893,000 after buying an additional 5,666 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Kite Realty Group Trust by 118.4% during 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 acquiring an additional 740 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Kite Realty Group Trust by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock worth $8,731,000 after buying an additional 48,935 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in Kite Realty Group Trust by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock worth $1,757,000 after acquiring an additional 2,386 shares during the period. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock opened at $25.98 on Friday. The company’s fifty day moving average price is $27.46 and its 200 day moving average price is $26.82. 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 $5.20 billion, a P/E ratio of 16.04, a P/E/G ratio of 4.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities research 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be issued 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 dividend payout ratio is presently 71.60%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KRG. KeyCorp cut Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 18th. Citigroup reiterated a “neutral” rating and set a $31.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research note on Monday, August 3rd. Wall Street Zen upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Piper Sandler reiterated a “neutral” rating and issued a $33.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH raised their target price 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, July 31st. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.00.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops, acquires and operates open-air shopping centers in the United States. Its portfolio is primarily focused on grocery-anchored and other necessity-based retail properties, along with select mixed-use assets.

The company leases space to a variety of retailers, restaurants, service providers and other tenants. Its properties are generally located in established, high-growth communities and are designed to serve everyday consumer needs.