Kite Realty Group Trust $KRG Shares Bought by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC grew its position in shares of Kite Realty Group Trust (NYSE:KRG) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,080,378 shares of the real estate investment trust’s stock after purchasing an additional 265,188 shares during the period. Kite Realty Group Trust accounts for about 3.0% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 15th largest position. Lasalle Investment Management Securities LLC’s holdings in Kite Realty Group Trust were worth $73,837,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Centersquare Investment Management LLC boosted its stake in shares of Kite Realty Group Trust by 9.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock worth $181,320,000 after purchasing an additional 733,378 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Kite Realty Group Trust by 6.9% during the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock worth $142,009,000 after purchasing an additional 411,465 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kite Realty Group Trust by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock worth $73,052,000 after purchasing an additional 165,889 shares during the last quarter. Norges Bank acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter worth about $61,863,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Kite Realty Group Trust by 6.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,135,421 shares of the real estate investment trust’s stock worth $51,186,000 after purchasing an additional 124,864 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

KRG opened at $27.39 on Monday. The company’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $24.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $27.58. The stock has a market capitalization of $5.56 billion, a PE ratio of 20.59, a P/E/G ratio of 4.24 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.2%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 87.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KRG shares. Citigroup reaffirmed a “neutral” rating and set a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. UBS Group reissued a “neutral” rating and issued a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Robert W. Baird raised their target price on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.00.

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.