Kite Realty Group Trust (NYSE:KRG) – Analysts at KeyCorp decreased their FY2018 earnings per share (EPS) estimates for shares of Kite Realty Group Trust in a research report issued on Sunday, December 2nd. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $2.00 per share for the year, down from their previous estimate of $2.01. KeyCorp also issued estimates for Kite Realty Group Trust’s FY2019 earnings at $1.86 EPS.
Several other equities research analysts have also weighed in on the stock. Robert W. Baird lowered shares of Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Wednesday, October 24th. Citigroup cut their target price on shares of Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Thursday, November 29th. Finally, Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.75.
KRG opened at $16.05 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.09 and a beta of 0.50. Kite Realty Group Trust has a twelve month low of $13.87 and a twelve month high of $20.24.
Hedge funds have recently modified their holdings of the company. Securian Asset Management Inc bought a new stake in shares of Kite Realty Group Trust during the third quarter worth $788,000. Ramsey Quantitative Systems bought a new stake in shares of Kite Realty Group Trust during the third quarter worth $366,000. Goodwin Daniel L increased its position in shares of Kite Realty Group Trust by 15.4% during the third quarter. Goodwin Daniel L now owns 45,379 shares of the real estate investment trust’s stock worth $756,000 after acquiring an additional 6,047 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Kite Realty Group Trust during the second quarter worth $212,000. Finally, Bank of America Corp DE increased its position in shares of Kite Realty Group Trust by 12.5% during the second quarter. Bank of America Corp DE now owns 910,250 shares of the real estate investment trust’s stock worth $15,547,000 after acquiring an additional 101,111 shares in the last quarter. 91.31% of the stock is owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, January 4th will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Thursday, January 3rd. Kite Realty Group Trust’s dividend payout ratio is 62.25%.
About Kite Realty Group Trust
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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