CANADA LIFE ASSURANCE Co Raises Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

CANADA LIFE ASSURANCE Co increased its position in Kite Realty Group Trust (NYSE:KRG) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,837 shares of the real estate investment trust’s stock after buying an additional 10,751 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.18% of Kite Realty Group Trust worth $8,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new position in Kite Realty Group Trust during the 4th quarter valued at about $39,000. Wolverine Asset Management LLC increased its holdings in Kite Realty Group Trust by 280.5% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,327 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Kite Realty Group Trust in the 1st quarter worth approximately $42,000. SageView Advisory Group LLC purchased a new stake in Kite Realty Group Trust during the 1st quarter valued at approximately $52,000. Finally, Blue Trust Inc. grew its holdings in Kite Realty Group Trust by 41.7% during the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 742 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Trading Up 0.3 %

Shares of KRG opened at $23.67 on Friday. The company’s fifty day moving average is $22.19 and its 200 day moving average is $21.59. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $24.26. The stock has a market capitalization of $5.20 billion, a PE ratio of 91.04, a P/E/G ratio of 5.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.72 and a current ratio of 2.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, April 18th. Wells Fargo & Company increased their price objective on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of “Hold” and a consensus target price of $26.00.

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.