Vestmark Advisory Solutions Inc. Boosts Stake 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,656 shares of the real estate investment trust's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KRG. Opal Wealth Advisors LLC bought a new position in shares of Kite Realty Group Trust during the 1st quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Kite Realty Group Trust during the 1st quarter worth $25,000. Optiver Holding B.V. lifted its holdings in Kite Realty Group Trust by 19.9% during the 4th quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 467 shares in the last quarter. CX Institutional purchased a new stake in Kite Realty Group Trust during the 1st quarter worth about $79,000. Finally, Dagco Inc. purchased a new stake in Kite Realty Group Trust during the 1st quarter worth about $92,000. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Price Performance

Shares of Kite Realty Group Trust stock traded up $0.8750 during trading on Friday, hitting $22.7450. 363,611 shares of the stock traded hands, compared to its average volume of 1,878,437. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 6.09 and a beta of 1.16. The firm's fifty day moving average is $22.32 and its 200-day moving average is $22.18. Kite Realty Group Trust has a 52 week low of $18.51 and a 52 week high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. Research analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, October 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 136.71%.

Analyst Ratings Changes

A number of analysts recently issued reports on KRG shares. UBS Group started coverage on Kite Realty Group Trust in a report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 price objective on the stock. Piper Sandler reissued a "neutral" rating and set a $24.00 price objective (down previously from $25.00) on shares of Kite Realty Group Trust in a report on Monday, August 4th. Raymond James Financial lowered their price target on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen cut Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of "Hold" and an average target price of $27.11.

Kite Realty Group Trust Company 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.