Analysts Set Kite Realty Group Trust (NYSE:KRG) Target Price at $29.00

Shares of Kite Realty Group Trust (NYSE:KRG) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $29.4286.

Several equities research analysts have recently commented on KRG shares. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. UBS Group reaffirmed a “neutral” rating and issued a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday, July 15th. Wells Fargo & Company set a $32.00 price objective on Kite Realty Group Trust and gave the stock an “overweight” rating in a research note on Thursday. Finally, Piper Sandler restated a “neutral” rating and issued a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Tuesday.

Hedge Funds Weigh In On Kite Realty Group Trust

Several large investors have recently bought and sold shares of KRG. Cohen & Steers Inc. grew its stake in shares of Kite Realty Group Trust by 26.3% in the 4th quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock worth $630,805,000 after acquiring an additional 5,486,116 shares in the last quarter. Norges Bank purchased a new stake in Kite Realty Group Trust in the 4th quarter valued at about $61,863,000. Deutsche Bank AG lifted its position in shares of Kite Realty Group Trust by 434.7% during the 4th quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock worth $41,213,000 after buying an additional 1,397,837 shares in the last quarter. Sei Investments Co. lifted its position 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 worth $38,756,000 after buying an additional 1,079,727 shares in the last quarter. Finally, Town Lane Management LP purchased a new position in shares of Kite Realty Group Trust in the 4th quarter worth approximately $25,466,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $29.29 on Thursday. The company has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $26.16. Kite Realty Group Trust has a 12-month low of $20.86 and a 12-month high of $29.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The company has a market cap of $5.95 billion, a P/E ratio of 22.02, a PEG ratio of 4.13 and a beta of 0.85.

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

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 9th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.0%. 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.