Groupe la Francaise Makes New Investment in Kite Realty Group Trust $KRG

Groupe la Francaise bought a new position in shares of Kite Realty Group Trust (NYSE:KRG) during the second quarter, Holdings Channel.com reports. The fund bought 22,766 shares of the real estate investment trust’s stock, valued at approximately $646,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Centersquare Investment Management LLC increased its stake in Kite Realty Group Trust by 1.3% in the 4th quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock valued at $197,436,000 after buying an additional 105,830 shares during the period. Norges Bank acquired a new stake in Kite Realty Group Trust in the fourth quarter valued at about $61,863,000. Handelsbanken Fonder AB lifted its position in Kite Realty Group Trust by 58.1% in the fourth quarter. Handelsbanken Fonder AB now owns 102,033 shares of the real estate investment trust’s stock valued at $2,446,000 after purchasing an additional 37,500 shares during the period. Lasalle Investment Management Securities LLC boosted its holdings in Kite Realty Group Trust by 9.4% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,080,378 shares of the real estate investment trust’s stock valued at $73,837,000 after purchasing an additional 265,188 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in Kite Realty Group Trust by 126.8% in the 4th quarter. AlphaQuest LLC now owns 142,721 shares of the real estate investment trust’s stock valued at $3,421,000 after purchasing an additional 79,791 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Trading Up 0.4%

NYSE:KRG opened at $26.07 on Wednesday. Kite Realty Group Trust has a 52-week low of $21.33 and a 52-week high of $29.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $27.55 and a 200-day simple moving average of $26.81. The company has a market capitalization of $5.22 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 4.02 and a beta of 0.84.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. The firm had revenue of $196.26 million for the quarter, compared to analysts’ expectations of $197.32 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 will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be given a $0.29 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. Kite Realty Group Trust’s dividend payout ratio is currently 71.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KRG shares. LADENBURG THALM/SH SH increased their target price on Kite Realty Group Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. UBS Group reiterated a “neutral” rating and issued a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. KeyCorp downgraded Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 18th. Finally, Citigroup restated a “neutral” rating and set a $31.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Kite Realty Group Trust has a consensus rating of “Hold” and an average target price of $30.00.

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.