Rep. Lisa C. McClain Buys Kite Realty Group Trust (NYSE:KRG) Stock

Key Points

• Representative Lisa C. McClain purchased shares of Kite Realty Group Trust (NYSE:KRG) valued between $1,001 and $15,000, with the transaction disclosed on September 12th.
• Kite Realty Group Trust reported $0.51 earnings per share for the last quarter, meeting consensus estimates, and has set FY 2025 EPS guidance between 2.060 and 2.100.
• The company announced a quarterly dividend of $0.27, representing an annualized dividend yield of 4.9%, with the dividend payout ratio exceeding 136.71%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Kite Realty Group Trust NYSE: KRG. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Kite Realty Group Trust stock on August 13th.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
• Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 8/13/2025.

Kite Realty Group Trust Stock Performance

Shares of KRG traded down $0.09 during mid-day trading on Friday, reaching $22.15. 3,167,895 shares of the company's stock were exchanged, compared to its average volume of 1,703,344. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $4.87 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 6.16 and a beta of 1.13. The business's fifty day simple moving average is $22.30 and its 200-day simple moving average is $22.16. 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 earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share 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 company had revenue of $211.18 million for 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, equities research analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. Kite Realty Group Trust's dividend payout ratio (DPR) is 136.71%.

Insiders Place Their Bets

In other Kite Realty Group Trust news, CEO John A. Kite sold 50,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the completion of the transaction, the chief executive officer owned 54,121 shares of the company's stock, valued at approximately $1,228,546.70. This trade represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Kite Realty Group Trust in a research note on Tuesday, September 9th. They issued a "buy" rating and a $30.00 target price on the stock. Piper Sandler reiterated a "neutral" rating and issued a $24.00 target price (down from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, August 4th. Raymond James Financial lowered their target price 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. Wall Street Zen cut Kite Realty Group Trust from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Finally, Wells Fargo & Company reduced their price target on Kite Realty Group Trust from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of "Hold" and an average price target of $26.50.

Hedge Funds Weigh In On Kite Realty Group Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its holdings in Kite Realty Group Trust by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the real estate investment trust's stock worth $1,376,000 after purchasing an additional 500 shares during the last quarter. Truist Financial Corp increased its position in Kite Realty Group Trust by 5.3% during the second quarter. Truist Financial Corp now owns 10,024 shares of the real estate investment trust's stock worth $227,000 after buying an additional 503 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Kite Realty Group Trust by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock worth $806,000 after buying an additional 556 shares in the last quarter. State of Michigan Retirement System increased its position in Kite Realty Group Trust by 1.2% during the first quarter. State of Michigan Retirement System now owns 52,595 shares of the real estate investment trust's stock worth $1,177,000 after buying an additional 600 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in Kite Realty Group Trust by 3.5% during the fourth quarter. Captrust Financial Advisors now owns 18,214 shares of the real estate investment trust's stock worth $460,000 after buying an additional 613 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.