WINTON GROUP Ltd Invests $5.07 Million in Kite Realty Group Trust $KRG

WINTON GROUP Ltd purchased a new stake in Kite Realty Group Trust (NYSE:KRG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 178,479 shares of the real estate investment trust’s stock, valued at approximately $5,065,000. WINTON GROUP Ltd owned about 0.09% of Kite Realty Group Trust at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KRG. Cohen & Steers Inc. raised its position 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 raised its position in shares of Kite Realty Group Trust by 1.3% during the fourth quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock worth $197,436,000 after purchasing an additional 105,830 shares during the period. California State Teachers Retirement System lifted its stake in shares of Kite Realty Group Trust by 2,405.5% in the second quarter. California State Teachers Retirement System now owns 6,613,164 shares of the real estate investment trust’s stock valued at $187,682,000 after buying an additional 6,349,218 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Kite Realty Group Trust by 6.9% in the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock worth $142,009,000 after acquiring an additional 411,465 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kite Realty Group Trust by 2.5% in the fourth 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 in the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Down 0.2%

NYSE:KRG opened at $25.98 on Friday. Kite Realty Group Trust has a fifty-two week low of $21.33 and a fifty-two week high of $29.92. The firm has a 50-day simple moving average of $27.46 and a two-hundred day simple moving average of $26.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $5.20 billion, a P/E ratio of 16.04, a P/E/G ratio of 4.03 and a beta of 0.84.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. The firm had revenue of $196.26 million for the quarter, compared to the consensus estimate of $197.32 million. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Analysts predict that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 71.60%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KRG. Weiss Ratings restated a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday, July 15th. Piper Sandler reaffirmed a “neutral” rating and set a $33.00 target price (up from $27.00) on shares of Kite Realty Group Trust in a report on Tuesday, July 21st. LADENBURG THALM/SH SH boosted 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. KeyCorp downgraded Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 18th. Finally, UBS Group restated a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops, acquires and operates open-air shopping centers in the United States. Its portfolio is primarily focused on grocery-anchored and other necessity-based retail properties, along with select mixed-use assets.

The company leases space to a variety of retailers, restaurants, service providers and other tenants. Its properties are generally located in established, high-growth communities and are designed to serve everyday consumer needs.