Kite Realty Group Trust (NYSE:KRG) Receives $27.43 Average PT from Brokerages

Kite Realty Group Trust (NYSE:KRG) has received an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.4286.

KRG has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, May 18th. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Wells Fargo & Company reiterated an “overweight” rating and set a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. Finally, LADENBURG THALM/SH SH lifted their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th.

Kite Realty Group Trust Stock Up 1.2%

Shares of NYSE KRG opened at $28.64 on Friday. 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 company has a 50-day moving average price of $27.38 and a 200-day moving average price of $25.60. The stock has a market capitalization of $5.82 billion, a P/E ratio of 21.54, a P/E/G ratio of 4.00 and a beta of 0.85. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $29.40.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, equities research analysts forecast that Kite Realty Group Trust will post 2.09 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KRG. Edgestream Partners L.P. bought a new position in Kite Realty Group Trust in the first quarter valued at $307,000. Amundi increased its position in shares of Kite Realty Group Trust by 3.2% in the first quarter. Amundi now owns 123,135 shares of the real estate investment trust’s stock valued at $3,023,000 after acquiring an additional 3,858 shares during the period. California State Teachers Retirement System increased its holdings in Kite Realty Group Trust by 26.0% during the 1st quarter. California State Teachers Retirement System now owns 263,946 shares of the real estate investment trust’s stock valued at $6,480,000 after purchasing an additional 54,425 shares during the period. Quantinno Capital Management LP increased its stake in shares of Kite Realty Group Trust by 12.4% during the first quarter. Quantinno Capital Management LP now owns 77,778 shares of the real estate investment trust’s stock valued at $1,909,000 after buying an additional 8,557 shares during the period. Finally, SummitTX Capital L.P. increased its position in Kite Realty Group Trust by 45.4% during the 1st quarter. SummitTX Capital L.P. now owns 355,188 shares of the real estate investment trust’s stock valued at $8,720,000 after purchasing an additional 110,852 shares during the period. 90.81% of the stock is currently owned by institutional investors.

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.