Kite Realty Group Trust $KRG Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 65.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,514 shares of the real estate investment trust’s stock after acquiring an additional 61,948 shares during the period. Susquehanna International Group LLP owned 0.08% of Kite Realty Group Trust worth $4,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRG. Cohen & Steers Inc. grew its position in shares of Kite Realty Group Trust by 26.3% in the fourth quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock valued at $630,805,000 after purchasing an additional 5,486,116 shares during the period. Norges Bank purchased a new position in Kite Realty Group Trust during the fourth quarter worth approximately $61,863,000. Bank of New York Mellon Corp purchased a new position in Kite Realty Group Trust during the second quarter worth approximately $44,463,000. Deutsche Bank AG boosted its holdings in shares of Kite Realty Group Trust by 434.7% in the 4th quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock valued at $41,213,000 after purchasing an additional 1,397,837 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Kite Realty Group Trust by 171.0% during the 2nd quarter. Sei Investments Co. now owns 1,711,094 shares of the real estate investment trust’s stock valued at $38,756,000 after buying an additional 1,079,727 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KRG. Weiss Ratings reiterated a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday, July 15th. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Citigroup reissued 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. LADENBURG THALM/SH SH lifted their price target on shares of Kite Realty Group Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, KeyCorp lowered shares of Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.14.

Kite Realty Group Trust Trading Up 0.2%

KRG opened at $26.04 on Monday. The firm has a market capitalization of $5.22 billion, a P/E ratio of 16.07, a P/E/G ratio of 4.02 and a beta of 0.86. The firm’s 50 day moving average is $27.92 and its 200-day moving average is $26.77. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Kite Realty Group Trust has a 52-week low of $21.33 and a 52-week high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share 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 business had revenue of $196.26 million during the quarter, compared to analyst estimates of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Analysts expect that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 9th. Kite Realty Group Trust’s dividend payout ratio is 71.60%.

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.