CANADA LIFE ASSURANCE Co Grows Position in Kite Realty Group Trust (NYSE:KRG)

CANADA LIFE ASSURANCE Co raised its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Kite Realty Group Trust in the third quarter worth about $39,000. Versant Capital Management Inc increased its position in shares of 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 worth $62,000 after acquiring an additional 2,080 shares during the period. FIL Ltd raised its stake in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 579 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $101,000. Finally, Headlands Technologies LLC bought a new position in Kite Realty Group Trust in the fourth quarter worth approximately $116,000. Institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler reissued a "neutral" rating and set a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, Raymond James dropped their target price on 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. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Kite Realty Group Trust presently has an average rating of "Moderate Buy" and a consensus price target of $27.88.

Kite Realty Group Trust Stock Down 0.8 %

Kite Realty Group Trust stock opened at $21.18 on Tuesday. The business's 50-day moving average price is $21.86 and its 200 day moving average price is $24.16. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 1,059.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 5.10%. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 5,400.00%.

About Kite Realty Group Trust

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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