Kite Realty Group Trust (NYSE:KRG) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Kite Realty Group Trust, with six holds, two buys and one strong buy; the average 12-month price target is $30.14.
• Institutional investors own approximately 90.81% of KRG’s outstanding shares, while several funds recently initiated or increased their positions.
• KRG reported quarterly earnings of $0.79 per share, well above the $0.11 consensus estimate, and declared a $0.29 quarterly dividend, representing a 4.4% annualized yield.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) has received an average rating of "Hold" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $30.1429.

A number of research analysts have commented on KRG shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Kite Realty Group Trust in a research report on Wednesday, July 15th. UBS Group restated a "neutral" rating and issued a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Citigroup reaffirmed a "neutral" rating and issued a $31.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research note on Monday, August 3rd. Jefferies Financial Group raised shares of Kite Realty Group Trust to a "hold" rating in a report on Friday, June 26th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a research report on Tuesday, July 21st.

Institutional Investors Weigh In On Kite Realty Group Trust

A number of hedge funds and other institutional investors have recently modified their holdings of KRG. Los Angeles Capital Management LLC purchased a new position in Kite Realty Group Trust in the 4th quarter worth approximately $25,000. Arax Advisory Partners boosted its stake in shares of Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 726 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 during the last quarter. Bessemer Group Inc. grew its holdings in shares of Kite Realty Group Trust by 44.4% in the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 467 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of Kite Realty Group Trust in the third quarter worth $49,000. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $26.42 on Monday. The firm's fifty day moving average price is $28.37 and its 200-day moving average price is $26.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $5.29 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 3.90 and a beta of 0.86. Kite Realty Group Trust has a fifty-two week low of $21.32 and a fifty-two week high of $29.92.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.68. The company had revenue of $196.26 million for the quarter, compared to analysts' expectations of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, equities research analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, October 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 71.60%.

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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