Kite Realty Group Trust $KRG Shares Sold by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management cut its stake in Kite Realty Group Trust by 57.2% in Q4, selling 112,038 shares and leaving it with 83,997 shares valued at about $2.01 million.
• Analyst coverage is mixed: the consensus rating is "Hold" with an average target of $26.38, though several firms raised targets (Wells Fargo to $28) and Weiss Ratings upgraded the stock to a buy; three analysts rate Buy and six rate Hold.
• Kite declared a quarterly dividend of $0.29 (annualized $1.16) for a yield of about 4.4% and a payout ratio of 87.2%, while recent quarterly EPS of $0.06 missed estimates and FY2026 guidance is set at 2.060–2.120 EPS.

Wolverine Asset Management LLC reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 57.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,997 shares of the real estate investment trust's stock after selling 112,038 shares during the quarter. Wolverine Asset Management LLC's holdings in Kite Realty Group Trust were worth $2,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp acquired a new position in Kite Realty Group Trust in the third quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in Kite Realty Group Trust by 118.4% in 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 purchasing an additional 740 shares during the period. Danske Bank A S acquired a new position in Kite Realty Group Trust in the third quarter valued at $49,000. Versant Capital Management Inc increased its stake in Kite Realty Group Trust by 21.4% in the third quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust's stock valued at $69,000 after purchasing an additional 544 shares during the period. Finally, Quadrant Capital Group LLC acquired a new position in Kite Realty Group Trust in the third quarter valued at $78,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KRG shares. UBS Group reaffirmed a "neutral" rating and issued a $25.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Citigroup reaffirmed a "neutral" rating and issued a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Robert W. Baird lifted their target price on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, February 18th. Weiss Ratings raised shares of Kite Realty Group Trust from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company lifted their target price on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $26.38.

Kite Realty Group Trust Stock Down 0.6%

Shares of NYSE:KRG opened at $26.18 on Tuesday. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 4.77 and a beta of 0.86. The firm's 50-day simple moving average is $25.49 and its 200-day simple moving average is $24.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $26.82.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $200.70 million for the quarter, compared to analysts' expectations 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. As a group, equities research analysts predict that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.4%. Kite Realty Group Trust's payout ratio is currently 87.22%.

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.

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