Candriam S.C.A. Has $4.61 Million Holdings in Kite Realty Group Trust $KRG

Candriam S.C.A. trimmed its holdings in Kite Realty Group Trust (NYSE:KRG) by 23.3% in the 1st quarter, Holdings Channel reports. The fund owned 187,706 shares of the real estate investment trust’s stock after selling 56,917 shares during the quarter. Candriam S.C.A.’s holdings in Kite Realty Group Trust were worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KRG. AQR Capital Management LLC raised its stake in Kite Realty Group Trust by 32.2% during the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock valued at $1,797,000 after purchasing an additional 19,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kite Realty Group Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock valued at $2,893,000 after purchasing an additional 5,666 shares during the period. EverSource Wealth Advisors LLC grew its position in Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 740 shares during the last quarter. California Public Employees Retirement System grew its position in Kite Realty Group Trust by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock worth $8,731,000 after purchasing an additional 48,935 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Kite Realty Group Trust by 3.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock worth $1,757,000 after purchasing an additional 2,386 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Up 0.5%

KRG opened at $28.43 on Tuesday. Kite Realty Group Trust has a fifty-two week low of $20.86 and a fifty-two week high of $29.40. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $27.72 and its two-hundred day moving average price is $25.84. The company has a market capitalization of $5.77 billion, a P/E ratio of 21.37, a P/E/G ratio of 4.00 and a beta of 0.85.

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 (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, analysts anticipate that Kite Realty Group Trust will post 2.09 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s payout ratio is 87.22%.

Wall Street Analyst Weigh In

KRG has been the subject of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday. LADENBURG THALM/SH SH lifted their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Wells Fargo & Company restated an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Finally, Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.71.

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.