Kite Realty Group Trust $KRG Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. raised its holdings in Kite Realty Group Trust (NYSE:KRG) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,315,631 shares of the real estate investment trust’s stock after purchasing an additional 5,486,116 shares during the period. Kite Realty Group Trust comprises 1.1% of Cohen & Steers Inc.’s holdings, making the stock its 23rd largest position. Cohen & Steers Inc. owned about 12.15% of Kite Realty Group Trust worth $630,805,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in Kite Realty Group Trust by 118.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 740 shares during the period. Danske Bank A S acquired a new stake in Kite Realty Group Trust in the third quarter valued at approximately $49,000. First Horizon Corp grew its holdings in Kite Realty Group Trust by 56.5% in the fourth quarter. First Horizon Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 758 shares during the period. Finally, Advocate Investing Services LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter valued at approximately $72,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of NYSE:KRG opened at $29.17 on Friday. 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 moving average price is $26.52 and its 200-day moving average price is $25.03. The firm has a market capitalization of $5.92 billion, a PE ratio of 21.93, a P/E/G ratio of 4.49 and a beta of 0.86. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $29.40.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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, equities research analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on KRG shares. LADENBURG THALM/SH SH raised their price objective on Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. Robert W. Baird raised their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. UBS Group reissued a “neutral” rating and issued a $28.00 price objective (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th. Finally, Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.43.

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.