News articles about Kite Realty Group Trust (NYSE:KRG) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kite Realty Group Trust earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.7119934263944 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
KRG has been the subject of a number of research analyst reports. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. 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. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays dropped their price target on Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Kite Realty Group Trust presently has an average rating of “Hold” and a consensus price target of $20.33.
Kite Realty Group Trust (NYSE:KRG) traded up $0.30 on Thursday, hitting $14.94. The company had a trading volume of 439,306 shares, compared to its average volume of 764,356. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1,233.19, a price-to-earnings ratio of 104.57, a P/E/G ratio of 1.72 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 posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $88.90 million for the quarter, compared to analyst estimates of $89.14 million. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. research analysts forecast that Kite Realty Group Trust will post 2.01 earnings per share for the current fiscal year.
In other Kite Realty Group Trust news, COO Thomas K. Mcgowan sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $19.22, for a total value of $96,100.00. Following the sale, the chief operating officer now directly owns 86,751 shares of the company’s stock, valued at approximately $1,667,354.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William E. Bindley purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $1,506,000.00. Following the completion of the purchase, the director now owns 85,014 shares in the company, valued at approximately $1,280,310.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 25,157 shares of company stock worth $497,645. Corporate insiders own 1.87% of the company’s stock.
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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.
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