Kite Realty Group Trust $KRG Shares Sold by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. has reduced its stake in Kite Realty Group Trust by 6.3%, making it the firm's 7th largest position with 1,221,304 shares remaining.
• Kite Realty Group Trust recently declared a quarterly dividend of $0.27 per share, representing a 4.6% dividend yield and a payout ratio of 136.71%.
• The company reported a net margin of 20.14% and set its FY 2025 EPS guidance at 2.060-2.100, meeting analysts' consensus for the most recent quarter.

Uniplan Investment Counsel Inc. cut its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,304 shares of the real estate investment trust's stock after selling 81,927 shares during the quarter. Kite Realty Group Trust comprises about 2.7% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 7th biggest position. Uniplan Investment Counsel Inc. owned 0.56% of Kite Realty Group Trust worth $27,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Kite Realty Group Trust in the first quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Kite Realty Group Trust in the first quarter valued at approximately $25,000. CX Institutional acquired a new stake in Kite Realty Group Trust in the first quarter valued at approximately $79,000. Dagco Inc. purchased a new stake in shares of Kite Realty Group Trust during the first quarter valued at approximately $92,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth $101,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG traded down $0.15 during trading on Friday, reaching $22.59. The stock had a trading volume of 752,965 shares, compared to its average volume of 1,860,364. The firm's 50 day moving average price is $22.34 and its two-hundred day moving average price is $22.18. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $28.24. The stock has a market cap of $4.97 billion, a PE ratio of 28.60, a P/E/G ratio of 6.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.70 and a current ratio of 1.70.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. The firm had revenue of $211.18 million during the quarter, compared to the consensus estimate of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, research analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.08 annualized dividend and a yield of 4.8%. Kite Realty Group Trust's dividend payout ratio is 136.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KRG. Piper Sandler reaffirmed a "neutral" rating and set a $24.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a report on Monday, August 4th. UBS Group began coverage on shares of Kite Realty Group Trust in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price objective for the company. LADENBURG THALM/SH SH began coverage on Kite Realty Group Trust in a research report on Tuesday. They set a "buy" rating and a $30.00 target price on the stock. Wells Fargo & Company reduced their price target on Kite Realty Group Trust from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Finally, Wall Street Zen lowered Kite Realty Group Trust from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $26.50.

Insiders Place Their Bets

In other Kite Realty Group Trust news, CEO John A. Kite sold 50,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total value of $1,135,000.00. Following the transaction, the chief executive officer owned 54,121 shares of the company's stock, valued at $1,228,546.70. This trade represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust NYSE: KRG is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.