Defense Worldยท2025-11-02 09:05Core Insights - Kite Realty Group Trust has seen significant institutional investment, with 90.81% of its stock owned by institutional investors and hedge funds [1] - CEO John A. Kite sold 50,000 shares at an average price of $22.70, resulting in a 48.02% decrease in his position [2] - Analysts have mixed ratings on Kite Realty Group Trust, with a consensus rating of "Hold" and a price target of $26.70 [4] Institutional Holdings - Centersquare Investment Management LLC increased its stake by 133.6%, owning 5,960,072 shares valued at $133.33 million after purchasing an additional 3,408,442 shares [1] - Other notable acquisitions include Nuveen LLC ($70.07 million), Long Pond Capital LP ($60.62 million), and Alyeska Investment Group L.P. ($24.73 million) [1] - Oppenheimer Asset Management Inc. also bought 22,692 shares valued at approximately $514,000 during the second quarter [8] Insider Transactions - CEO John A. Kite sold 50,000 shares for a total of $1.135 million, leaving him with 54,121 shares valued at $1.23 million [2] - Insiders currently own 2.50% of the stock [2] Analyst Ratings - Weiss Ratings maintained a "hold (c+)" rating, while Wall Street Zen downgraded the stock from "hold" to "sell" [4] - LADENBURG THALM/SH SH initiated coverage with a "buy" rating and a target price of $30.00 [4] - Citigroup and Piper Sandler both reissued "neutral" ratings with reduced price targets of $24.00 [4] Financial Performance - Kite Realty Group Trust reported $0.52 earnings per share, exceeding analysts' estimates of $0.51 [6] - The company had a revenue of $205.06 million, slightly below the consensus estimate of $208.82 million [6] - FY 2025 guidance is set at 2.090-2.110 EPS, with analysts predicting an average of 2.05 EPS for the current fiscal year [6] Dividend Information - The company announced a quarterly dividend of $0.29, up from the previous $0.27, representing an annualized dividend of $1.16 and a yield of 5.2% [9] - The payout ratio is currently at 181.25% [9] Company Overview - Kite Realty Group Trust is a real estate investment trust headquartered in Indianapolis, IN, focusing on open-air shopping centers and mixed-use assets [10]