Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.73 Million Holdings in Kite Realty Group Trust $KRG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Kite Realty Group Trust (NYSE:KRG) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,153 shares of the real estate investment trust’s stock after buying an additional 27,551 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kite Realty Group Trust were worth $3,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cohen & Steers Inc. boosted its holdings 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. Centersquare Investment Management LLC increased its holdings in Kite Realty Group Trust by 1.3% during the 4th quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock valued at $197,436,000 after purchasing an additional 105,830 shares in the last quarter. Bank of America Corp DE increased its holdings in Kite Realty Group Trust by 6.9% during the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock valued at $142,009,000 after purchasing an additional 411,465 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Kite Realty Group Trust by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,897 shares of the real estate investment trust’s stock valued at $91,395,000 after purchasing an additional 93,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Kite Realty Group Trust by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock valued at $73,052,000 after purchasing an additional 165,889 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KRG. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a 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 report on Thursday, July 9th. Wall Street Zen downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. LADENBURG THALM/SH SH increased their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.71.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $28.52 on Thursday. 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 stock has a market cap of $5.79 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 4.06 and a beta of 0.85. The stock has a 50-day moving average of $27.80 and a 200-day moving average of $25.90. Kite Realty Group Trust has a one year low of $20.86 and a one year high of $29.40.

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 for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Kite Realty Group Trust will post 2.09 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 9th will be issued a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.1%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 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.