Centersquare Investment Management LLC Has $197.44 Million Position in Kite Realty Group Trust $KRG

Centersquare Investment Management LLC boosted its position in shares of Kite Realty Group Trust (NYSE:KRG) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,236,790 shares of the real estate investment trust’s stock after purchasing an additional 105,830 shares during the quarter. Kite Realty Group Trust accounts for about 1.9% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding. Centersquare Investment Management LLC’s holdings in Kite Realty Group Trust were worth $197,436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Kite Realty Group Trust by 6.9% during the third quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock valued at $142,009,000 after purchasing an additional 411,465 shares during the period. Dimensional Fund Advisors LP grew its holdings in Kite Realty Group Trust by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock valued at $73,052,000 after purchasing an additional 165,889 shares during the period. Lasalle Investment Management Securities LLC grew its holdings in Kite Realty Group Trust by 9.4% during the fourth 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 during the period. Norges Bank acquired a new position in Kite Realty Group Trust during the fourth quarter valued at approximately $61,863,000. Finally, Goldman Sachs Group Inc. grew its holdings in Kite Realty Group Trust by 14.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,223,236 shares of the real estate investment trust’s stock valued at $53,291,000 after purchasing an additional 277,900 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

KRG has been the subject of a number of analyst reports. UBS Group restated a “neutral” rating and set a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. LADENBURG THALM/SH SH boosted their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings upgraded shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Citigroup reiterated a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. 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, the stock has a consensus rating of “Hold” and a consensus target price of $27.43.

Kite Realty Group Trust Stock Up 0.7%

Kite Realty Group Trust stock opened at $29.04 on Friday. The stock has a market capitalization of $5.90 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 4.46 and a beta of 0.86. Kite Realty Group Trust has a twelve month low of $20.86 and a twelve month high of $29.36. 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 company has a 50 day moving average of $26.43 and a 200-day moving average of $25.00.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, equities research analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

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.