Kite Realty Group Trust (NYSE:KRG) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts rate Kite Realty Group Trust “Hold” on average: Seven of ten analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is $30.00 versus a recent price of $25.98.
• Institutional ownership remains high at 90.81%, while the stock trades near the middle of its 52-week range of $21.33 to $29.92.
• Kite Realty reported quarterly EPS of $0.79, significantly above the $0.11 consensus estimate, and declared a quarterly dividend of $0.29 per share, representing a 4.5% annualized yield.

Shares of Kite Realty Group Trust (NYSE:KRG - Get Free Report) have received a consensus recommendation of "Hold" from the ten brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.00.

A number of equities analysts have recently issued reports on the company. UBS Group reaffirmed a "neutral" rating and set a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. KeyCorp downgraded Kite Realty Group Trust from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, August 18th. Wells Fargo & Company set a $31.00 target price on Kite Realty Group Trust and gave the company an "overweight" rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Piper Sandler reiterated a "neutral" rating and issued a $33.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday, July 21st.

Institutional Trading of Kite Realty Group Trust

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in shares of Kite Realty Group Trust in the fourth quarter worth $25,000. Arax Advisory Partners grew its holdings in shares of 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 valued at $27,000 after buying an additional 726 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 valued at $31,000 after buying an additional 740 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Kite Realty Group Trust by 44.4% in the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 467 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Kite Realty Group Trust in the 2nd quarter valued at $37,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Down 0.2%

NYSE KRG opened at $25.98 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm has a market cap of $5.20 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 4.03 and a beta of 0.84. The company has a 50 day moving average price of $27.46 and a 200 day moving average price of $26.82. Kite Realty Group Trust has a 52 week low of $21.33 and a 52 week high of $29.92.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.68. The company had revenue of $196.26 million during the quarter, compared to analysts' expectations of $197.32 million. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, sell-side analysts forecast that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, October 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. Kite Realty Group Trust's dividend payout ratio is 71.60%.

About Kite Realty Group Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.