170,238 Shares in Kite Realty Group Trust $KRG Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new stake in shares of Kite Realty Group Trust (NYSE:KRG) in the second quarter, Holdings Channel reports. The fund acquired 170,238 shares of the real estate investment trust’s stock, valued at approximately $4,831,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of 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 acquiring an additional 19,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kite Realty Group Trust by 4.6% in the 1st 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 purchasing an additional 5,666 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 valued at $31,000 after purchasing an additional 740 shares during the last quarter. California Public Employees Retirement System boosted its stake in 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 purchasing an additional 48,935 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in 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 valued at $1,757,000 after purchasing an additional 2,386 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Trading Up 0.0%

Kite Realty Group Trust stock opened at $26.45 on Thursday. The firm has a 50 day simple moving average of $28.25 and a 200-day simple moving average of $26.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $5.30 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 3.90 and a beta of 0.86. Kite Realty Group Trust has a 12-month low of $21.33 and a 12-month high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. Kite Realty Group Trust had a net margin of 41.80% and a return on equity of 11.26%. The business had revenue of $196.26 million for the quarter, compared to analyst estimates of $197.32 million. 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 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 71.60%.

Analysts Set New Price Targets

Several research analysts have commented on KRG shares. KeyCorp cut shares of Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. LADENBURG THALM/SH SH increased their price objective on Kite Realty Group Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup reissued a “neutral” rating and issued a $31.00 price objective (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. Finally, UBS Group restated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of “Hold” and an average target price of $30.14.

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.