Lasalle Investment Management Securities LLC Cuts Stock Holdings in Kite Realty Group Trust $KRG

Lasalle Investment Management Securities LLC lowered its position in Kite Realty Group Trust (NYSE:KRG) by 23.1% in the first quarter, Holdings Channel.com reports. The firm owned 2,369,854 shares of the real estate investment trust’s stock after selling 710,524 shares during the quarter. Kite Realty Group Trust makes up about 2.3% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 17th largest position. Lasalle Investment Management Securities LLC’s holdings in Kite Realty Group Trust were worth $58,180,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KRG. Cohen & Steers Inc. increased its position in Kite Realty Group Trust by 26.3% during the 4th quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock worth $630,805,000 after purchasing an additional 5,486,116 shares during the period. Norges Bank acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter valued at approximately $61,863,000. Deutsche Bank AG lifted its holdings in shares of Kite Realty Group Trust by 434.7% in the 4th quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock valued at $41,213,000 after buying an additional 1,397,837 shares during the period. Sei Investments Co. boosted its stake in shares of 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 buying an additional 1,079,727 shares in the last quarter. Finally, Town Lane Management LP purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $25,466,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 1.7%

NYSE:KRG opened at $29.33 on Thursday. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $29.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $28.10 and a 200-day simple moving average of $26.10. The company has a market capitalization of $5.96 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 4.20 and a beta of 0.85.

Kite Realty Group Trust (NYSE:KRG) last issued 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 net margin of 34.74% and a return on equity of 9.21%. The business 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. On average, equities research 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 firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th were given a $0.29 dividend. The ex-dividend date was Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. Kite Realty Group Trust’s dividend payout ratio is currently 87.22%.

Analyst Ratings Changes

Several research firms have issued reports on KRG. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday, July 15th. Piper Sandler reiterated a “neutral” rating and issued a $33.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a research note on Tuesday. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Kite Realty Group Trust has an average rating of “Hold” and an average price target of $29.00.

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.