Kite Realty Group Trust (NYSE:KRG) Given Average Rating of "Hold" by Analysts

Key Points

• Kite Realty Group Trust (NYSE:KRG) has been given an average analyst rating of "Hold", with eight analysts recommending hold, two recommending buy, and one a strong buy.
• The company recently declared a quarterly dividend of $0.27 per share, yielding 4.8%, and has set its FY 2025 guidance at 2.060-2.100 EPS.
• Insider trading revealed CEO John A. Kite sold 50,000 shares at an average price of $22.70, reducing his stake by 48.02%, now holding approximately 54,121 shares.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.50.

Several research firms have recently issued reports on KRG. Citigroup reiterated a "neutral" rating and set a $24.00 price objective (down previously from $28.00) on shares of Kite Realty Group Trust in a research report on Friday, September 12th. Wells Fargo & Company reduced their price objective on shares of Kite Realty Group Trust from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kite Realty Group Trust in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research report on Sunday, October 12th. Finally, UBS Group started 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 objective on the stock.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $22.54 on Tuesday. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $28.24. The company's fifty day moving average price is $22.24 and its 200-day moving average price is $22.14. The stock has a market cap of $4.96 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 6.18 and a beta of 1.15. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.91.

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 earnings per share for the quarter, hitting the consensus estimate of $0.51. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. The firm had revenue of $211.18 million for the quarter, compared to analysts' expectations of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, equities analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Thursday, October 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.8%. The ex-dividend date was Thursday, October 9th. Kite Realty Group Trust's payout ratio is currently 136.71%.

Insiders Place Their Bets

In related news, CEO John A. Kite sold 50,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total value of $1,135,000.00. Following the sale, the chief executive officer owned 54,121 shares in the company, valued at approximately $1,228,546.70. The trade was a 48.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in Kite Realty Group Trust during the first quarter worth $25,000. Harbor Capital Advisors Inc. boosted its stake in Kite Realty Group Trust by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust's stock worth $29,000 after buying an additional 462 shares during the period. Ameritas Advisory Services LLC purchased a new position in Kite Realty Group Trust during the second quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in Kite Realty Group Trust by 118.4% during the second 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 period. Finally, UMB Bank n.a. boosted its stake in Kite Realty Group Trust by 103.0% during the second quarter. UMB Bank n.a. now owns 2,607 shares of the real estate investment trust's stock worth $59,000 after buying an additional 1,323 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

About Kite Realty Group Trust

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.

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