Healthcare of Ontario Pension Plan Trust Fund Boosts Holdings in Kite Realty Group Trust (NYSE:KRG)


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Healthcare of Ontario Pension Plan Trust Fund grew its stake in Kite Realty Group Trust (NYSE:KRG) by 178.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 662,780 shares of the real estate investment trust’s stock after acquiring an additional 424,780 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kite Realty Group Trust were worth $9,915,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Kite Realty Group Trust by 3.0% in the fourth quarter. BlackRock Inc. now owns 14,784,890 shares of the real estate investment trust’s stock valued at $221,181,000 after purchasing an additional 433,698 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Kite Realty Group Trust by 54.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 910,600 shares of the real estate investment trust’s stock worth $13,623,000 after buying an additional 320,500 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Kite Realty Group Trust by 3.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,426,659 shares of the real estate investment trust’s stock valued at $66,223,000 after buying an additional 149,150 shares during the period. First Trust Advisors LP grew its stake in shares of Kite Realty Group Trust by 928.1% in the fourth quarter. First Trust Advisors LP now owns 109,325 shares of the real estate investment trust’s stock worth $1,636,000 after acquiring an additional 98,691 shares in the last quarter. Finally, Brookfield Asset Management Inc. increased its position in shares of Kite Realty Group Trust by 9.0% during the fourth quarter. Brookfield Asset Management Inc. now owns 779,052 shares of the real estate investment trust’s stock worth $11,655,000 after acquiring an additional 64,562 shares during the period. 88.97% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on KRG. Zacks Investment Research lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 18th. KeyCorp upgraded Kite Realty Group Trust from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Wednesday, March 10th. Wells Fargo & Company upgraded Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $17.00 in a research note on Thursday, December 10th. TheStreet upgraded Kite Realty Group Trust from a “d+” rating to a “c-” rating in a research note on Wednesday, February 3rd. Finally, Capital One Financial restated an “overweight” rating on shares of Kite Realty Group Trust in a research report on Monday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.67.

Kite Realty Group Trust stock opened at $19.74 on Thursday. The stock has a 50 day moving average of $19.64 and a two-hundred day moving average of $15.47. Kite Realty Group Trust has a twelve month low of $7.21 and a twelve month high of $21.46. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 282.00, a PEG ratio of 10.08 and a beta of 1.39. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.96.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, February 11th. The real estate investment trust reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. Kite Realty Group Trust had a return on equity of 0.47% and a net margin of 2.15%. Equities analysts predict that Kite Realty Group Trust will post 1.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, April 7th. This represents a $0.68 dividend on an annualized basis and a yield of 3.44%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.15. Kite Realty Group Trust’s dividend payout ratio is presently 36.14%.

Kite Realty Group Trust Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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