Vestmark Advisory Solutions Inc. Raises Stock Holdings in Kite Realty Group Trust $KRG

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Kite Realty Group Trust by 61.3% in Q1, now owning 39,656 shares valued at approximately $887,000.
• Kite Realty Group Trust announced a quarterly dividend of $0.27 per share, yielding 5.0%, with a payout ratio of 136.71%.
• Analysts have a consensus rating of "Hold" on Kite Realty Group Trust, with a target price of $27.11, reflecting recent adjustments in stock outlook.

Vestmark Advisory Solutions Inc. raised its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 39,656 shares of the real estate investment trust's stock after acquiring an additional 15,065 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Kite Realty Group Trust were worth $887,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in Kite Realty Group Trust in the first quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Kite Realty Group Trust in the 1st quarter worth approximately $25,000. Optiver Holding B.V. boosted its stake in shares of Kite Realty Group Trust by 19.9% in the 4th quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 467 shares during the last quarter. CX Institutional acquired a new stake in shares of Kite Realty Group Trust during the first quarter worth $79,000. Finally, Dagco Inc. bought a new position in Kite Realty Group Trust during the first quarter worth $92,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Down 0.7%

Shares of NYSE:KRG traded down $0.1550 during midday trading on Thursday, hitting $21.8750. 410,889 shares of the company's stock were exchanged, compared to its average volume of 1,885,088. The company has a market cap of $4.81 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 6.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.70 and a quick ratio of 1.70. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $28.24. The stock has a 50 day moving average price of $22.33 and a 200-day moving average price of $22.19.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%.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, sell-side analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be issued 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 4.9%. Kite Realty Group Trust's payout ratio is 136.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KRG. UBS Group began coverage on shares of Kite Realty Group Trust in a research report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 price target on the stock. Raymond James Financial dropped their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 23rd. Piper Sandler reaffirmed a "neutral" rating and set a $24.00 target price (down previously from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, August 4th. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.11.

Kite Realty Group Trust 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.