Press coverage about Kite Realty Group Trust (NYSE:KRG) has trended positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.29 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.0782540879793 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Brokerages Expect Kite Realty Group Trust (KRG) Will Post Earnings of $0.48 Per Share (americanbankingnews.com)
- Kite Realty sells two properties and pays down debt (seekingalpha.com)
- Kite Realty Group Trust Sells Two Shopping Centers for $63 Million (markets.financialcontent.com)
- Head to Head Comparison: Kite Realty Group Trust (KRG) and Washington Prime Group (WPG) (americanbankingnews.com)
- Kite Realty Announces Nordstrom Rack Opening in Shenandoah (finance.yahoo.com)
Kite Realty Group Trust (NYSE KRG) opened at $14.94 on Tuesday. The firm has a market cap of $1,267.37, a price-to-earnings ratio of 106.71, a P/E/G ratio of 1.78 and a beta of 0.50. Kite Realty Group Trust has a 52 week low of $13.90 and a 52 week high of $22.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.05 and a current ratio of 1.05.
Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $89.14 million. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. Kite Realty Group Trust’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share. equities analysts predict that Kite Realty Group Trust will post 2.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, April 6th will be paid a dividend of $0.3175 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.27 annualized dividend and a yield of 8.50%. Kite Realty Group Trust’s payout ratio is 907.14%.
KRG has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. Raymond James Financial reissued an “outperform” rating and issued a $23.00 price objective (down from $25.00) on shares of Kite Realty Group Trust in a research note on Wednesday, December 20th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Barclays reduced their price objective on shares of Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Finally, Bank of America cut shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.00.
In related news, COO Thomas K. Mcgowan sold 5,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the completion of the transaction, the chief operating officer now directly owns 86,751 shares of the company’s stock, valued at $1,667,354.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Wurtzebach bought 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average cost of $14.65 per share, with a total value of $96,690.00. The disclosure for this purchase can be found here. Company insiders own 1.87% of the company’s stock.
About Kite Realty Group Trust
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.
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