CANADA LIFE ASSURANCE Co lifted its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 449,652 shares of the real estate investment trust's stock after purchasing an additional 21,891 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.20% of Kite Realty Group Trust worth $11,345,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter worth $39,000. Versant Capital Management Inc raised its position in Kite Realty Group Trust by 551.7% during the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 2,080 shares during the period. FIL Ltd lifted its stake in shares of Kite Realty Group Trust by 19.8% in the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the last quarter. Spectrum Wealth Counsel LLC purchased a new position in shares of Kite Realty Group Trust in the 4th quarter worth approximately $101,000. Finally, Headlands Technologies LLC bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $116,000. Institutional investors own 90.81% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on KRG shares. Piper Sandler restated a "neutral" rating and issued a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Raymond James reduced their price objective on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. dropped their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.
Read Our Latest Report on KRG
Kite Realty Group Trust Stock Down 0.2 %
Shares of KRG stock traded down $0.04 on Friday, hitting $21.84. The stock had a trading volume of 1,469,045 shares, compared to its average volume of 1,645,136. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a one year low of $18.52 and a one year high of $28.24. The business has a 50 day moving average price of $21.79 and a 200 day moving average price of $24.05. The company has a market cap of $4.80 billion, a PE ratio of 1,092.00, a P/E/G ratio of 3.57 and a beta of 1.05.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. Research analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.
Kite Realty Group Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 4.95%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 5,400.00%.
Kite Realty Group Trust Company Profile
(
Free Report)
Kite Realty Group Trust NYSE: KRG is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.
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