Kite Realty Group Trust $KRG Position Decreased by Systematic Financial Management LP

Systematic Financial Management LP lowered its holdings in Kite Realty Group Trust (NYSE:KRG) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 885,797 shares of the real estate investment trust’s stock after selling 25,969 shares during the period. Systematic Financial Management LP owned about 0.44% of Kite Realty Group Trust worth $21,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in Kite Realty Group Trust during the fourth quarter worth approximately $25,000. Arax Advisory Partners grew its position in Kite Realty Group Trust by 182.0% in the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 726 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kite Realty Group Trust by 118.4% in the second 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 in the last quarter. Bessemer Group Inc. increased its holdings in shares of Kite Realty Group Trust by 44.4% in the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 467 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at $49,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Trading Down 1.7%

NYSE:KRG opened at $28.88 on Friday. The stock’s 50 day moving average price is $28.15 and its 200 day moving average price is $26.13. Kite Realty Group Trust has a 52 week low of $20.86 and a 52 week high of $29.92. The company has a market capitalization of $5.86 billion, a P/E ratio of 21.71, a P/E/G ratio of 4.14 and a beta of 0.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results 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 firm had revenue of $200.70 million during the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, research analysts forecast that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 87.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised their price objective on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Piper Sandler reaffirmed a “neutral” rating and set a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday, July 15th. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, UBS Group reiterated a “neutral” rating and issued a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.43.

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.