ValuEngine upgraded shares of Kite Realty Group Trust (NYSE:KRG) from a strong sell rating to a sell rating in a research report report published on Thursday, June 21st.
Several other equities analysts also recently commented on KRG. Barclays reiterated a buy rating and set a $20.00 price target on shares of Kite Realty Group Trust in a report on Thursday, March 8th. Sandler O’Neill set a $16.00 target price on Kite Realty Group Trust and gave the stock a hold rating in a research report on Tuesday, March 20th. Robert W. Baird reissued a buy rating and set a $19.00 price objective on shares of Kite Realty Group Trust in a report on Wednesday, March 21st. TheStreet cut Kite Realty Group Trust from a c rating to a d+ rating in a report on Wednesday, April 25th. Finally, Zacks Investment Research raised Kite Realty Group Trust from a sell rating to a hold rating in a report on Saturday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $18.57.
Kite Realty Group Trust opened at $17.08 on Thursday, Marketbeat reports. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.84 and a quick ratio of 0.84. Kite Realty Group Trust has a twelve month low of $13.87 and a twelve month high of $21.57. The stock has a market cap of $1.45 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51.
Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $89.76 million during the quarter, compared to analyst estimates of $88.38 million. Kite Realty Group Trust had a negative net margin of 1.69% and a negative return on equity of 0.38%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. equities research analysts expect that Kite Realty Group Trust will post 2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, July 6th will be given a dividend of $0.317 per share. The ex-dividend date is Thursday, July 5th. This represents a $1.27 annualized dividend and a dividend yield of 7.42%. Kite Realty Group Trust’s dividend payout ratio is currently 62.25%.
A number of institutional investors have recently bought and sold shares of KRG. Dynamic Technology Lab Private Ltd acquired a new stake in Kite Realty Group Trust during the first quarter worth approximately $278,000. Principal Financial Group Inc. grew its stake in Kite Realty Group Trust by 2.4% in the first quarter. Principal Financial Group Inc. now owns 640,750 shares of the real estate investment trust’s stock valued at $9,758,000 after acquiring an additional 15,199 shares during the period. Dalton Greiner Hartman Maher & Co. grew its stake in Kite Realty Group Trust by 4.9% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 861,083 shares of the real estate investment trust’s stock valued at $13,114,000 after acquiring an additional 40,352 shares during the period. Xact Kapitalforvaltning AB grew its stake in Kite Realty Group Trust by 85.2% in the first quarter. Xact Kapitalforvaltning AB now owns 19,125 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 8,800 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Kite Realty Group Trust by 6.7% in the first quarter. Legal & General Group Plc now owns 398,962 shares of the real estate investment trust’s stock valued at $6,086,000 after purchasing an additional 24,923 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Kite Realty Group Trust Company Profile
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.
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