Versor Investments LP Reduces Stock Position in Kite Realty Group Trust $KRG

Versor Investments LP trimmed its holdings in Kite Realty Group Trust (NYSE:KRG) by 52.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,212 shares of the real estate investment trust’s stock after selling 38,400 shares during the period. Versor Investments LP’s holdings in Kite Realty Group Trust were worth $820,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Kite Realty Group Trust in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its stake in Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 shares during the last quarter. Danske Bank A S acquired a new stake in Kite Realty Group Trust in the 3rd quarter worth about $49,000. Versant Capital Management Inc boosted its stake in Kite Realty Group Trust by 21.4% in the 3rd quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 544 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Kite Realty Group Trust in the 3rd quarter worth about $78,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRG has been the topic of a number of research analyst reports. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Wells Fargo & Company raised their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Citigroup reissued a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Robert W. Baird lifted their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Hold” and a consensus target price of $26.38.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $26.76 on Wednesday. The firm has a market capitalization of $5.43 billion, a P/E ratio of 20.12, a P/E/G ratio of 4.12 and a beta of 0.86. Kite Realty Group Trust has a 1-year low of $20.86 and a 1-year high of $26.88. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day simple moving average is $25.56 and its 200-day simple moving average is $24.25.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data 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 firm 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. Equities analysts predict that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.3%. Kite Realty Group Trust’s payout ratio is 87.22%.

Kite Realty Group Trust Company 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.