Kite Realty Group Trust $KRG Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its stake in Kite Realty Group Trust (NYSE:KRG) by 96.9% during the 4th quarter, Holdings Channel reports. The firm owned 11,077 shares of the real estate investment trust’s stock after selling 341,664 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Kite Realty Group Trust were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KRG. NewEdge Wealth LLC boosted its position in Kite Realty Group Trust by 2.7% during the third quarter. NewEdge Wealth LLC now owns 18,058 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 467 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Kite Realty Group Trust by 3.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 488 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Kite Realty Group Trust by 2.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,636 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 499 shares during the last quarter. Arax Advisory Partners boosted its position in Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 726 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 acquiring an additional 740 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Price Performance

Shares of KRG stock opened at $28.78 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average is $26.61 and its two-hundred day moving average is $25.08. Kite Realty Group Trust has a 12 month low of $20.86 and a 12 month high of $29.40. The company has a market capitalization of $5.84 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 4.52 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last issued 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 return on equity of 9.21% and a net margin of 34.74%.The firm had revenue of $200.70 million for 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. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 87.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KRG shares. Wells Fargo & Company restated an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Robert W. Baird boosted their price target 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. UBS Group restated a “neutral” rating and set a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. Finally, Citigroup restated a “neutral” rating and set a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kite Realty Group Trust currently has an average rating of “Hold” and an average target price of $27.43.

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.