Kite Realty Group Trust $KRG Stock Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Kite Realty Group Trust (NYSE:KRG) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,671,110 shares of the real estate investment trust’s stock after selling 17,945 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of Kite Realty Group Trust worth $41,026,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Kite Realty Group Trust by 32.2% during the first quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after buying an additional 19,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kite Realty Group Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock valued at $2,893,000 after buying an additional 5,666 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Kite Realty Group Trust by 118.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 740 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Kite Realty Group Trust by 14.5% during the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock valued at $8,731,000 after acquiring an additional 48,935 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Kite Realty Group Trust by 3.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock worth $1,757,000 after acquiring an additional 2,386 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KRG. Weiss Ratings restated a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday, July 15th. Wells Fargo & Company set a $32.00 price target on Kite Realty Group Trust and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. UBS Group restated a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Finally, Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.43.

Kite Realty Group Trust Stock Up 1.3%

Shares of Kite Realty Group Trust stock opened at $29.29 on Friday. The stock has a 50-day moving average price of $28.22 and a 200 day moving average price of $26.16. The company has a market cap of $5.95 billion, a P/E ratio of 22.02, a P/E/G ratio of 4.13 and a beta of 0.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data 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). The business had revenue of $200.70 million for the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, analysts expect that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 9th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. Kite Realty Group Trust’s payout ratio is presently 87.22%.

Kite Realty Group Trust 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.