Vanguard Group Inc. Cuts Stock Position in Kite Realty Group Trust $KRG

Key Points

• Vanguard trimmed its stake in Kite Realty Group Trust by 3.5% in Q4, selling 1,116,755 shares and retaining 30,499,607 shares (about 14.09% of the company) valued at roughly $731.1 million.
• Kite reported quarterly EPS of $0.06 (missing estimates by $0.01) while beating revenue estimates, and set FY2026 guidance of 2.060–2.120 EPS.
• The company declared a quarterly dividend of $0.29 (annualized $1.16) with an ex-dividend date of July 9, implying a 4.4% yield and a payout ratio of 87.22%.

Vanguard Group Inc. lowered its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,499,607 shares of the real estate investment trust's stock after selling 1,116,755 shares during the period. Vanguard Group Inc. owned approximately 14.09% of Kite Realty Group Trust worth $731,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its position in shares of Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust's stock worth $31,000 after buying an additional 740 shares during the last quarter. Danske Bank A S purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $49,000. Versant Capital Management Inc grew its position in shares of Kite Realty Group Trust by 21.4% in the 3rd quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust's stock worth $69,000 after buying an additional 544 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Down 0.1%

KRG stock opened at $26.33 on Monday. The firm has a 50 day moving average of $25.49 and a 200 day moving average of $24.08. The stock has a market capitalization of $5.35 billion, a PE ratio of 19.79, a price-to-earnings-growth 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 52 week low of $20.86 and a 52 week high of $26.82.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its earnings results 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). Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Sell-side analysts forecast that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup reiterated a "neutral" rating and issued a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Kite Realty Group Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company lifted their target price on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Weiss Ratings upgraded shares of Kite Realty Group Trust from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Finally, UBS Group reiterated a "neutral" rating and issued a $25.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $26.38.

Kite Realty Group Trust Profile

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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