Kite Realty Group Trust $KRG Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 126.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 39,550 shares of the real estate investment trust’s stock after buying an additional 22,101 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kite Realty Group Trust were worth $971,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its holdings in shares of Kite Realty Group Trust by 26.3% during the fourth quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock valued at $630,805,000 after acquiring an additional 5,486,116 shares during the period. Norges Bank acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter worth approximately $61,863,000. Deutsche Bank AG boosted its stake in Kite Realty Group Trust by 434.7% during the 4th quarter. Deutsche Bank AG now owns 1,719,375 shares of the real estate investment trust’s stock valued at $41,213,000 after purchasing an additional 1,397,837 shares in the last quarter. Sei Investments Co. boosted its stake in Kite Realty Group Trust by 171.0% during the second quarter. Sei Investments Co. now owns 1,711,094 shares of the real estate investment trust’s stock valued at $38,756,000 after buying an additional 1,079,727 shares in the last quarter. Finally, Town Lane Management LP bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at about $25,466,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Price Performance

Shares of KRG stock opened at $29.59 on Friday. The company has a market capitalization of $6.01 billion, a P/E ratio of 22.24, a P/E/G ratio of 4.17 and a beta of 0.85. Kite Realty Group Trust has a 12 month low of $20.86 and a 12 month high of $29.81. The stock has a 50 day moving average of $27.92 and a two-hundred day moving average of $25.97. 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 (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 analysts’ consensus estimates of $0.07 by ($0.01). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The company had revenue of $200.70 million for the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities analysts expect that Kite Realty Group Trust will post 2.09 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, July 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. Kite Realty Group Trust’s payout ratio is presently 87.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KRG shares. LADENBURG THALM/SH SH lifted their price target on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday. UBS Group reaffirmed a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.71.

About Kite Realty Group Trust

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.