Media coverage about Kite Realty Group Trust (NYSE:KRG) has been trending positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kite Realty Group Trust earned a coverage optimism score of 0.30 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.8369744620375 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts have commented on the stock. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.33.
Kite Realty Group Trust (NYSE KRG) opened at $18.88 on Thursday. Kite Realty Group Trust has a fifty-two week low of $17.60 and a fifty-two week high of $25.01. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1,640.00, a PE ratio of 9.72, a PEG ratio of 2.08 and a beta of 0.61.
Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The firm had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. sell-side analysts forecast that Kite Realty Group Trust will post 2.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.3175 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.27 annualized dividend and a dividend yield of 6.73%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s dividend payout ratio is 806.67%.
In other news, CAO Thomas R. Olinger sold 3,157 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $19.01, for a total transaction of $60,014.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.87% of the company’s stock.
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About Kite Realty Group Trust
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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