Kite Realty Group Trust (NYSE:KRG) Stock Has Consensus Price Target of $29.33 According to Analysts

Key Points

• Analysts have a “Hold” consensus on Kite Realty Group Trust, with eight hold, three buy, and one sell rating. The average 12-month price target is $29.33, above the reported share price of $24.16.
• Institutional investors and hedge funds own 90.81% of KRG’s stock, with several firms recently increasing or initiating positions.
• KRG reported quarterly EPS of $0.79, substantially exceeding the $0.11 consensus estimate, and announced a quarterly dividend of $0.29 per share, representing a 4.8% annualized yield.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $29.33.

KRG has been the subject of several analyst reports. UBS Group restated a "neutral" rating and set a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Citigroup reiterated a "neutral" rating and set a $31.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of Kite Realty Group Trust from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, September 28th. Wall Street Zen raised shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Jefferies Financial Group upgraded Kite Realty Group Trust to a "hold" rating in a report on Friday, June 26th.

Institutional Investors Weigh In On Kite Realty Group Trust

Several large investors have recently added to or reduced their stakes in KRG. Envestnet Asset Management Inc. grew its position in shares of Kite Realty Group Trust by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 312,504 shares of the real estate investment trust's stock worth $8,869,000 after buying an additional 30,963 shares during the period. WINTON GROUP Ltd bought a new position in Kite Realty Group Trust during the second quarter worth $5,065,000. Integrated Wealth Concepts LLC acquired a new stake in Kite Realty Group Trust in the second quarter worth $98,000. Allworth Financial LP increased its stake in Kite Realty Group Trust by 7.1% in the second quarter. Allworth Financial LP now owns 17,363 shares of the real estate investment trust's stock valued at $493,000 after purchasing an additional 1,156 shares in the last quarter. Finally, West Family Investments Inc. acquired a new position in shares of Kite Realty Group Trust during the second quarter valued at about $217,000. Institutional investors and hedge funds own 90.81% of the company's stock.

Kite Realty Group Trust Stock Down 1.0%

Shares of NYSE:KRG opened at $24.16 on Tuesday. The firm has a market cap of $4.84 billion, a P/E ratio of 14.91, a P/E/G ratio of 4.42 and a beta of 0.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Kite Realty Group Trust has a 12-month low of $21.33 and a 12-month high of $29.92. The business has a fifty day simple moving average of $26.12 and a 200 day simple moving average of $26.72.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly 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 firm had revenue of $196.26 million for the quarter, compared to analyst estimates of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 9th will be given 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 4.8%. Kite Realty Group Trust's dividend payout ratio is presently 71.60%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust NYSE: KRG is a real estate investment trust that owns, develops, redevelops and manages open-air shopping centers in the United States. Its properties are primarily anchored by grocery stores and other essential retailers, with additional tenants including restaurants, service providers, health and wellness businesses, and specialty retailers.

The company focuses on neighborhood and community shopping centers designed to serve local markets. Its portfolio is concentrated in major metropolitan areas, particularly in the Sun Belt and other high-growth regions of the country.

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