Kite Realty Group Trust $KRG Stock Position Raised by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Kite Realty Group Trust position by 38.9% in the third quarter, bringing its holdings to 500,000 shares valued at approximately $12.2 million. Institutional investors collectively own 90.81% of KRG’s stock.
• Analyst sentiment remains cautious, with the stock carrying an overall “Hold” rating and an average price target of $27.78; recent actions included downgrades from JPMorgan, KeyCorp and Piper Sandler.
• KRG shares opened at $24.69, while the company reported quarterly EPS of $0.79, well above the $0.11 consensus estimate. Its quarterly dividend is $0.29 per share, representing a 4.7% annualized yield.

Robeco Institutional Asset Management B.V. boosted its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 38.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500,000 shares of the real estate investment trust's stock after purchasing an additional 140,000 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.25% of Kite Realty Group Trust worth $12,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in shares of Kite Realty Group Trust by 44.4% during the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 467 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Kite Realty Group Trust in the 2nd quarter valued at approximately $37,000. Rockefeller Capital Management L.P. increased its stake in Kite Realty Group Trust by 246.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,884 shares of the real estate investment trust's stock valued at $69,000 after purchasing an additional 2,051 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Kite Realty Group Trust in the 2nd quarter valued at approximately $98,000. Finally, Farther Finance Advisors LLC raised its holdings in Kite Realty Group Trust by 11.8% during the third quarter. Farther Finance Advisors LLC now owns 5,309 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 562 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KRG shares. Wall Street Zen raised Kite Realty Group Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. JPMorgan Chase & Co. downgraded Kite Realty Group Trust from a "neutral" rating to an "underweight" rating and set a $27.00 price target for the company. in a research note on Thursday, September 24th. Truist Financial set a $27.00 price target on Kite Realty Group Trust and gave the stock a "hold" rating in a research note on Thursday, October 1st. KeyCorp lowered shares of Kite Realty Group Trust from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, August 18th. Finally, Piper Sandler reissued a "neutral" rating and issued a $27.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research note on Monday, October 12th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.78.

Kite Realty Group Trust Price Performance

KRG stock opened at $24.69 on Friday. Kite Realty Group Trust has a 1 year low of $21.64 and a 1 year high of $29.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61. The stock's 50 day moving average price is $25.25 and its 200 day moving average price is $26.67. The firm has a market cap of $4.95 billion, a P/E ratio of 11.97, a PEG ratio of 4.50 and a beta of 0.88.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced 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. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%. The firm had revenue of $196.26 million for the quarter, compared to analysts' expectations of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, sell-side analysts expect that Kite Realty Group Trust will post 2.09 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 9th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, October 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 71.60%.

About Kite Realty Group Trust

Kite Realty Group Trust NYSE: KRG is a real estate investment trust that owns, operates, acquires, develops and redevelops open-air shopping centers in the United States. Its properties are primarily grocery-anchored and neighborhood shopping centers designed to serve daily consumer needs.

The company's tenant base includes grocery stores, restaurants, service providers, fitness operators, retailers and other businesses. Kite Realty focuses on well-located properties in established and growing communities, with an emphasis on maintaining diversified centers that attract recurring customer traffic.

Headquartered in Indianapolis, Indiana, Kite Realty expanded its portfolio through the 2021 merger with Retail Properties of America, Inc The company's operations extend across multiple U.S.

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