Kite Realty Group Trust (NYSE:KRG) Upgraded to “Overweight” at Capital One Financial

Kite Realty Group Trust (NYSE:KRG) was upgraded by investment analysts at Capital One Financial from an “equal weight” rating to an “overweight” rating in a report released on Monday, February 5th, MarketBeat reports. Capital One Financial also issued estimates for Kite Realty Group Trust’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.01 EPS, FY2019 earnings at $2.09 EPS and FY2019 earnings at $2.18 EPS.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. DA Davidson cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Monday, February 5th. Bank of America cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $23.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.33.

Shares of Kite Realty Group Trust (NYSE:KRG) traded down $0.24 during midday trading on Monday, reaching $14.51. The company’s stock had a trading volume of 96,859 shares, compared to its average volume of 746,210. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1,228.17, a P/E ratio of 7.20, a PEG ratio of 1.71 and a beta of 0.42. Kite Realty Group Trust has a fifty-two week low of $13.90 and a fifty-two week high of $23.59.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The business had revenue of $88.90 million during the quarter, compared to the consensus estimate of $89.14 million. During the same quarter last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. analysts expect that Kite Realty Group Trust will post 2.01 EPS for the current year.

In related news, Director William E. Bindley acquired 100,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $15.06 per share, with a total value of $1,506,000.00. Following the completion of the purchase, the director now owns 85,014 shares of the company’s stock, valued at approximately $1,280,310.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John A. Kite sold 17,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $20.09, for a total value of $341,530.00. Following the transaction, the chief executive officer now directly owns 52,712 shares in the company, valued at approximately $1,058,984.08. The disclosure for this sale can be found here. Insiders sold 25,157 shares of company stock worth $497,645 over the last ninety days. Corporate insiders own 1.87% of the company’s stock.

A number of large investors have recently bought and sold shares of KRG. Zions Bancorporation purchased a new stake in Kite Realty Group Trust in the third quarter valued at $111,000. Perigon Wealth Management LLC raised its position in Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,500 shares during the period. Meeder Asset Management Inc. raised its position in Kite Realty Group Trust by 374.1% in the third quarter. Meeder Asset Management Inc. now owns 7,126 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 5,623 shares during the period. Kemper Corp Master Retirement Trust raised its position in Kite Realty Group Trust by 46.0% in the second quarter. Kemper Corp Master Retirement Trust now owns 10,075 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 3,175 shares during the period. Finally, Amalgamated Bank increased its holdings in Kite Realty Group Trust by 1.0% during the 2nd quarter. Amalgamated Bank now owns 11,312 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 109 shares during the period. Institutional investors own 93.84% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Kite Realty Group Trust (NYSE:KRG) Upgraded to “Overweight” at Capital One Financial” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/capital-one-financial-upgrades-kite-realty-group-trust-krg-to-overweight.html.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply