Kite Realty Group Trust $KRG Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. increased its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 26.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,315,631 shares of the real estate investment trust’s stock after acquiring an additional 5,486,116 shares during the quarter. Kite Realty Group Trust makes up about 1.1% of Cohen & Steers Inc.’s investment portfolio, making the stock its 23rd largest position. Cohen & Steers Inc. owned 0.12% of Kite Realty Group Trust worth $630,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KRG. AQR Capital Management LLC lifted its position in Kite Realty Group Trust by 32.2% during the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kite Realty Group Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after buying an additional 5,666 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 worth $31,000 after buying an additional 740 shares in the last quarter. California Public Employees Retirement System lifted its position in Kite Realty Group Trust by 14.5% during the second 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 in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Kite Realty Group Trust by 3.2% during 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 buying an additional 2,386 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Price Performance

NYSE:KRG opened at $29.17 on Friday. Kite Realty Group Trust has a 52 week low of $20.86 and a 52 week high of $29.40. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $5.92 billion, a P/E ratio of 21.93, a P/E/G ratio of 4.49 and a beta of 0.86. The stock’s fifty day moving average is $26.52 and its two-hundred day moving average is $25.03.

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

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th will be given a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. Kite Realty Group Trust’s payout ratio is currently 87.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KRG. Citigroup reiterated a “neutral” rating and set a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Wells Fargo & Company reiterated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. Finally, Robert W. Baird lifted their price objective on 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. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.43.

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.