Asset Management One Co. Ltd. Increases Holdings in Kite Realty Group Trust $KRG

Asset Management One Co. Ltd. grew its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,207 shares of the real estate investment trust’s stock after buying an additional 2,634 shares during the quarter. Asset Management One Co. Ltd. owned 0.15% of Kite Realty Group Trust worth $7,434,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC purchased a new stake in Kite Realty Group Trust in the 1st quarter worth about $25,000. Ameritas Advisory Services LLC purchased a new stake in Kite Realty Group Trust in the 2nd quarter worth about $30,000. UMB Bank n.a. raised its position in Kite Realty Group Trust by 103.0% in the 2nd quarter. UMB Bank n.a. now owns 2,607 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,323 shares during the period. Blue Trust Inc. raised its position in Kite Realty Group Trust by 44.0% in the 2nd quarter. Blue Trust Inc. now owns 2,973 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 908 shares during the period. Finally, Dagco Inc. purchased a new stake in Kite Realty Group Trust in the 1st quarter worth about $92,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $23.00 on Tuesday. The firm’s 50 day moving average price is $22.39 and its 200-day moving average price is $22.24. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.70 and a current ratio of 1.70. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $28.24. The firm has a market cap of $5.06 billion, a P/E ratio of 29.11, a P/E/G ratio of 6.35 and a beta of 1.15.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. The firm had revenue of $211.18 million for the quarter, compared to the consensus estimate of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. As a group, equities research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.

Insider Activity at Kite Realty Group Trust

In other news, CEO John A. Kite sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total value of $1,135,000.00. Following the completion of the sale, the chief executive officer owned 54,121 shares in the company, valued at approximately $1,228,546.70. This trade represents a 48.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KRG shares. LADENBURG THALM/SH SH started coverage on shares of Kite Realty Group Trust in a research report on Tuesday, September 9th. They issued a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kite Realty Group Trust in a research report on Wednesday, October 8th. UBS Group initiated coverage on shares of Kite Realty Group Trust in a report on Tuesday, July 1st. They set a “neutral” rating and a $24.00 price objective on the stock. Wells Fargo & Company raised shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $25.00 in a report on Tuesday, October 21st. Finally, Wall Street Zen upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.70.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.