New York State Teachers Retirement System Cuts Position in Kite Realty Group Trust $KRG

New York State Teachers Retirement System trimmed its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,031 shares of the real estate investment trust’s stock after selling 20,801 shares during the period. New York State Teachers Retirement System’s holdings in Kite Realty Group Trust were worth $8,750,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KRG. First Horizon Corp acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Kite Realty Group Trust by 118.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 740 shares in the last quarter. Danske Bank A S purchased a new stake in Kite Realty Group Trust during the 3rd quarter worth $49,000. Versant Capital Management Inc boosted its position in Kite Realty Group Trust by 21.4% during the 3rd quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 544 shares during the period. Finally, Quadrant Capital Group LLC acquired a new stake in Kite Realty Group Trust in the 3rd quarter valued at $78,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KRG shares. Wells Fargo & Company raised their price objective on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Citigroup reaffirmed a “neutral” rating and issued a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, UBS Group restated a “neutral” rating and issued a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Kite Realty Group Trust has a consensus rating of “Hold” and an average price target of $26.38.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $26.18 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day moving average price is $25.49 and its two-hundred day moving average price is $24.08. The firm has a market capitalization of $5.32 billion, a P/E ratio of 19.69, a P/E/G ratio of 4.77 and a beta of 0.86. Kite Realty Group Trust has a 12 month low of $20.86 and a 12 month high of $26.82.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The business had revenue of $200.70 million for the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, research analysts anticipate that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.4%. Kite Realty Group Trust’s payout ratio is currently 87.22%.

Kite Realty Group Trust Company Profile

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.