Strs Ohio Sells 231,500 Shares of Kite Realty Group Trust $KRG

Key Points

• Strs Ohio sold 231,500 shares, trimming its stake in Kite Realty Group Trust by 23.2% to 766,758 shares (about 0.35%) valued at $18.38 million; institutional investors own 90.81% of the stock.
• Kite reported quarterly EPS of $0.06, missing estimates by $0.01 while revenue topped expectations at $200.7 million, and set FY2026 guidance of 2.060–2.120 EPS (consensus ~2.10).
• The company announced a quarterly dividend of $0.29 per share (annualized $1.16) implying a 4.4% yield and an 87.22% payout ratio; the ex-dividend and record date are July 9 with payment on July 16.

Strs Ohio reduced its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 766,758 shares of the real estate investment trust's stock after selling 231,500 shares during the quarter. Strs Ohio owned about 0.35% of Kite Realty Group Trust worth $18,379,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. NewEdge Wealth LLC increased its holdings in Kite Realty Group Trust by 2.7% in the third quarter. NewEdge Wealth LLC now owns 18,058 shares of the real estate investment trust's stock worth $398,000 after purchasing an additional 467 shares in the last quarter. Versant Capital Management Inc increased its holdings 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 worth $69,000 after purchasing an additional 544 shares in the last quarter. CWM LLC increased its holdings in Kite Realty Group Trust by 17.9% in the third quarter. CWM LLC now owns 4,254 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 647 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 worth $31,000 after purchasing an additional 740 shares in the last quarter. Finally, First Horizon Corp increased its holdings in Kite Realty Group Trust by 56.5% in the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 758 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Down 0.1%

Shares of NYSE:KRG opened at $26.33 on Monday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 4.77 and a beta of 0.86. 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 12-month low of $20.86 and a 12-month high of $26.82. The business's 50 day moving average is $25.49 and its 200 day moving average is $24.08.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, sell-side analysts forecast that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

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

Analyst Ratings Changes

KRG has been the subject of a number of research reports. Robert W. Baird raised their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 18th. Citigroup reissued a "neutral" rating and issued a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. UBS Group reissued a "neutral" rating and issued a $25.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Wall Street Zen cut Kite Realty Group Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Weiss Ratings raised Kite Realty Group Trust from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.38.

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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