Kite Realty Group Trust (NYSE:KRG) – Equities researchers at Capital One Financial dropped their Q1 2019 earnings estimates for Kite Realty Group Trust in a note issued to investors on Wednesday, January 9th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $0.46 per share for the quarter, down from their previous estimate of $0.48. Capital One Financial also issued estimates for Kite Realty Group Trust’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.86 EPS.
A number of other brokerages have also issued reports on KRG. ValuEngine upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Citigroup reduced their price target on Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, November 29th. Finally, Robert W. Baird lowered Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Wednesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.70.
Shares of KRG stock opened at $15.45 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.07. Kite Realty Group Trust has a 1 year low of $13.66 and a 1 year high of $18.39. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, January 4th will be given a dividend of $0.3175 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.27 dividend on an annualized basis and a yield of 8.22%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 62.25%.
In other Kite Realty Group Trust news, CEO John A. Kite sold 12,000 shares of the business’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $16.21, for a total transaction of $194,520.00. Following the completion of the transaction, the chief executive officer now owns 47,088 shares in the company, valued at approximately $763,296.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.93% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in shares of Kite Realty Group Trust by 244.7% in the third quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 5,766 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Kite Realty Group Trust in the third quarter valued at $171,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Kite Realty Group Trust in the third quarter valued at $185,000. Eii Capital Management Inc. lifted its holdings in shares of Kite Realty Group Trust by 117.4% in the third quarter. Eii Capital Management Inc. now owns 11,544 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 6,234 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Kite Realty Group Trust in the third quarter valued at $198,000. Institutional investors and hedge funds own 91.27% 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) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.
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