Capital One Financial reissued their overweight rating on shares of Kite Realty Group Trust (NYSE:KRG) in a research report report published on Wednesday.
Several other brokerages have also recently weighed in on KRG. Zacks Investment Research upgraded Kite Realty Group Trust from a sell rating to a hold rating in a report on Wednesday, November 21st. TheStreet upgraded Kite Realty Group Trust from a d+ rating to a c- rating in a report on Tuesday. Robert W. Baird cut Kite Realty Group Trust from an outperform rating to a neutral rating and set a $17.00 target price for the company. in a report on Wednesday, October 24th. ValuEngine upgraded Kite Realty Group Trust from a sell rating to a hold rating in a report on Saturday, December 15th. Finally, Barclays cut Kite Realty Group Trust from an overweight rating to an equal weight rating and increased their target price for the company from $15.00 to $16.00 in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Kite Realty Group Trust currently has an average rating of Hold and an average price target of $16.13.
Shares of KRG stock opened at $16.04 on Wednesday. The stock has a market cap of $1.35 billion, a P/E ratio of 8.02, a P/E/G ratio of 2.44 and a beta of 0.86. Kite Realty Group Trust has a 1-year low of $13.66 and a 1-year high of $17.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 0.89.
Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $85.31 million. Kite Realty Group Trust had a negative return on equity of 3.15% and a negative net margin of 13.15%. Kite Realty Group Trust’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. As a group, equities research analysts expect that Kite Realty Group Trust will post 1.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date is Thursday, March 21st. Kite Realty Group Trust’s payout ratio is 63.50%.
In other Kite Realty Group Trust news, CEO John A. Kite sold 12,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $763,296.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.93% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRG. Oregon Public Employees Retirement Fund bought a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $32,000. Pearl River Capital LLC bought a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $37,000. Quantamental Technologies LLC bought a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $84,000. Meeder Asset Management Inc. raised its position in Kite Realty Group Trust by 244.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 5,766 shares during the last quarter. Finally, Advisory Resource Group bought a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $141,000. 92.71% of the stock is owned by institutional investors and hedge funds.
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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