Kite Realty Group Trust (NYSE:KRG) Stock Has Average Price Target of $29.33 According to Brokerages

Kite Realty Group Trust (NYSE:KRG) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.33.

KRG has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating and issued a $31.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. UBS Group reiterated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. Piper Sandler reissued 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, July 21st. JPMorgan Chase & Co. downgraded Kite Realty Group Trust from a “neutral” rating to an “underweight” rating and set a $27.00 price target for the company. in a report on Thursday, September 24th. Finally, Weiss Ratings lowered shares of Kite Realty Group Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 28th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KRG. Farther Finance Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 11.8% in the third quarter. Farther Finance Advisors LLC now owns 5,309 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 562 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Kite Realty Group Trust by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 312,504 shares of the real estate investment trust’s stock worth $8,869,000 after purchasing an additional 30,963 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Kite Realty Group Trust in the second quarter valued at $5,065,000. Integrated Wealth Concepts LLC bought a new stake in Kite Realty Group Trust in the 2nd quarter valued at about $98,000. Finally, Allworth Financial LP raised its position in shares of Kite Realty Group Trust by 7.1% in the second quarter. Allworth Financial LP now owns 17,363 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 1,156 shares during the period. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 1.5%

Shares of NYSE:KRG opened at $24.10 on Tuesday. 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 business has a 50 day moving average of $25.83 and a 200-day moving average of $26.70. Kite Realty Group Trust has a 12-month low of $21.33 and a 12-month high of $29.92. The stock has a market cap of $4.83 billion, a PE ratio of 14.87, a P/E/G ratio of 4.30 and a beta of 0.88.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.68. The company had revenue of $196.26 million during the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities research analysts forecast that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, October 9th. Kite Realty Group Trust’s dividend payout ratio is presently 71.60%.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops and manages open-air shopping centers in the United States. Its properties are primarily anchored by grocery stores and other essential retailers, with additional tenants including restaurants, service providers, health and wellness businesses, and specialty retailers.

The company focuses on neighborhood and community shopping centers designed to serve local markets. Its portfolio is concentrated in major metropolitan areas, particularly in the Sun Belt and other high-growth regions of the country.