Clearbridge Investments LLC Cuts Stake in Kite Realty Group Trust $KRG

Clearbridge Investments LLC reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,086 shares of the real estate investment trust’s stock after selling 127,700 shares during the period. Clearbridge Investments LLC’s holdings in Kite Realty Group Trust were worth $10,381,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 740 shares during the period. Danske Bank A S purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at $49,000. First Horizon Corp grew its stake in shares of Kite Realty Group Trust by 56.5% during the 4th quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 758 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at $78,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on KRG shares. Citigroup restated a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. UBS Group restated a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Wells Fargo & Company restated an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.43.

Kite Realty Group Trust Trading Up 0.4%

NYSE:KRG opened at $28.80 on Thursday. The business’s 50-day moving average is $26.34 and its two-hundred day moving average is $24.95. 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 12 month low of $20.86 and a 12 month high of $29.29. The firm has a market capitalization of $5.85 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 4.44 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 87.22%.

Kite Realty Group Trust 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.