Kite Realty Group Trust $KRG Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 499.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,251,733 shares of the real estate investment trust’s stock after buying an additional 1,043,075 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kite Realty Group Trust were worth $30,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Kite Realty Group Trust by 32.2% in the first quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock valued at $1,797,000 after acquiring an additional 19,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kite Realty Group Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock valued at $2,893,000 after purchasing an additional 5,666 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kite Realty Group Trust by 118.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 740 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Kite Realty Group Trust by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock valued at $8,731,000 after purchasing an additional 48,935 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Kite Realty Group Trust by 3.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock valued at $1,757,000 after purchasing an additional 2,386 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $29.29 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $5.95 billion, a P/E ratio of 22.02, a P/E/G ratio of 4.13 and a beta of 0.85. The firm’s 50 day moving average price is $28.22 and its 200-day moving average price is $26.17. Kite Realty Group Trust has a one year low of $20.86 and a one year high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, equities research analysts predict that Kite Realty Group Trust will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group restated a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research report on Thursday, July 9th. Wells Fargo & Company set a $32.00 price objective on Kite Realty Group Trust and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Jefferies Financial Group upgraded Kite Realty Group Trust to a “hold” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of “Hold” and a consensus price target of $29.43.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.