Press coverage about Kite Realty Group Trust (NYSE:KRG) has trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kite Realty Group Trust earned a news impact score of 0.30 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.1906554274886 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
Kite Realty Group Trust stock traded up $0.05 during mid-day trading on Friday, hitting $17.18. The stock had a trading volume of 461,682 shares, compared to its average volume of 735,387. The company has a market capitalization of $1.43 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.00 and a beta of 0.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.84 and a current ratio of 0.84. Kite Realty Group Trust has a one year low of $13.87 and a one year high of $21.57.
Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $89.76 million during the quarter, compared to the consensus estimate 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%. Kite Realty Group Trust’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. analysts forecast that Kite Realty Group Trust will post 2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, July 6th will be issued a $0.317 dividend. This represents a $1.27 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Thursday, July 5th. Kite Realty Group Trust’s dividend payout ratio is currently 62.25%.
KRG has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 28th. Sandler O’Neill set a $16.00 price objective on shares of Kite Realty Group Trust and gave the company a “hold” rating in a research report on Tuesday, March 20th. TheStreet downgraded shares of Kite Realty Group Trust from a “c” rating to a “d+” rating in a research report on Wednesday, April 25th. ValuEngine downgraded shares of Kite Realty Group Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Barclays reissued a “buy” rating and set a $19.00 price objective on shares of Kite Realty Group Trust in a research report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Kite Realty Group Trust currently has an average rating of “Hold” and an average target price of $18.57.
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 diverse portfolio of high-quality community, neighborhood, and lifestyle centers.
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