Kite Realty Group Trust $KRG Position Increased by Legal & General Group Plc

Legal & General Group Plc raised its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,436,514 shares of the real estate investment trust’s stock after buying an additional 119,483 shares during the period. Legal & General Group Plc’s holdings in Kite Realty Group Trust were worth $34,433,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted 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 buying an additional 740 shares in the last quarter. First Horizon Corp boosted its holdings in Kite Realty Group Trust by 56.5% during the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 758 shares in the last quarter. Danske Bank A S bought a new stake in Kite Realty Group Trust during the third quarter worth approximately $49,000. Global Retirement Partners LLC boosted its holdings in Kite Realty Group Trust by 279.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,457 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 2,547 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in Kite Realty Group Trust during the third quarter worth approximately $78,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Trading Down 0.4%

Kite Realty Group Trust stock opened at $27.39 on Friday. The company has a 50 day moving average price of $25.84 and a 200 day moving average price of $24.64. Kite Realty Group Trust has a 52 week low of $20.86 and a 52 week high of $27.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 4.24 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data 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 return on equity of 9.21% and a net margin of 34.74%.The firm had revenue of $200.70 million during 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. Research analysts forecast that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 87.22%.

Analysts Set New Price Targets

KRG has been the subject of a number of research reports. Wells Fargo & Company restated an “overweight” rating and set a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday. UBS Group restated a “neutral” rating and set a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Weiss Ratings upgraded shares of 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 shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Robert W. Baird raised their price objective on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of “Hold” and a consensus price target of $27.00.

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.