Kite Realty Group Trust $KRG Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 52.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,212 shares of the real estate investment trust’s stock after selling 38,400 shares during the quarter. Versor Investments LP’s holdings in Kite Realty Group Trust were worth $820,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KRG. Lasalle Investment Management Securities LLC lifted its holdings in shares of Kite Realty Group Trust by 177.3% during the third quarter. Lasalle Investment Management Securities LLC now owns 2,815,190 shares of the real estate investment trust’s stock worth $62,779,000 after purchasing an additional 1,799,866 shares during the period. Sei Investments Co. lifted its holdings in Kite Realty Group Trust by 171.0% in the second quarter. Sei Investments Co. now owns 1,711,094 shares of the real estate investment trust’s stock valued at $38,756,000 after acquiring an additional 1,079,727 shares during the period. M&T Bank Corp lifted its holdings in Kite Realty Group Trust by 6,888.0% in the fourth quarter. M&T Bank Corp now owns 971,265 shares of the real estate investment trust’s stock valued at $23,281,000 after acquiring an additional 957,366 shares during the period. Freestone Grove Partners LP lifted its holdings in Kite Realty Group Trust by 4,702.9% in the third quarter. Freestone Grove Partners LP now owns 953,901 shares of the real estate investment trust’s stock valued at $21,272,000 after acquiring an additional 934,040 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Kite Realty Group Trust in the third quarter valued at $17,970,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRG has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Robert W. Baird raised their target price on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Citigroup reissued a “neutral” rating and issued a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.38.

Kite Realty Group Trust Trading Up 0.3%

Shares of KRG stock opened at $26.76 on Wednesday. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $26.88. The stock has a market cap of $5.43 billion, a P/E ratio of 20.12, a P/E/G ratio of 4.12 and a beta of 0.86. The business has a fifty day simple moving average of $25.56 and a 200-day simple moving average of $24.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, analysts forecast that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) 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.