Pacer Advisors Inc. Has $621,000 Holdings in Kite Realty Group Trust $KRG

Pacer Advisors Inc. cut its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 42.8% in the fourth quarter, Holdings Channel reports. The firm owned 25,890 shares of the real estate investment trust’s stock after selling 19,345 shares during the quarter. Pacer Advisors Inc.’s holdings in Kite Realty Group Trust were worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new position in Kite Realty Group Trust in the third quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 740 shares in the last quarter. Danske Bank A S bought a new stake in Kite Realty Group Trust during the third quarter worth about $49,000. Versant Capital Management Inc raised its holdings in Kite Realty Group Trust by 21.4% during the third quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 544 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in Kite Realty Group Trust during the third quarter worth about $78,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Up 0.1%

NYSE KRG opened at $26.24 on Friday. The business has a fifty day moving average price of $25.57 and a two-hundred day moving average price of $24.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. 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 capitalization of $5.33 billion, a PE ratio of 19.73, a PEG ratio of 4.05 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS 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 the consensus estimate of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Equities 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is presently 87.22%.

Analysts Set New Price Targets

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

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.