Kite Realty Group Trust (NYSE:KRG) announced a quarterly dividend on Friday, August 16th, Zacks reports. Investors of record on Friday, September 20th will be given a dividend of 0.317 per share by the real estate investment trust on Friday, September 27th. This represents a $1.27 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend is Thursday, September 19th.
Kite Realty Group Trust has raised its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Kite Realty Group Trust has a dividend payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kite Realty Group Trust to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.27 annual dividend with an expected future payout ratio of 81.9%.
KRG stock opened at $15.89 on Wednesday. The company has a fifty day moving average price of $15.07 and a 200 day moving average price of $15.53. Kite Realty Group Trust has a 12 month low of $13.66 and a 12 month high of $17.20. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.32 and a quick ratio of 1.32.
Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Kite Realty Group Trust had a negative net margin of 6.92% and a negative return on equity of 1.66%. The firm had revenue of $81.48 million during the quarter, compared to the consensus estimate of $79.95 million. During the same quarter in the prior year, the firm earned $0.53 EPS. Kite Realty Group Trust’s revenue for the quarter was down 11.2% on a year-over-year basis. As a group, analysts anticipate that Kite Realty Group Trust will post 1.64 earnings per share for the current year.
Several analysts recently commented on the stock. ValuEngine upgraded shares of Kite Realty Group Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 11th. Compass Point upgraded shares of Kite Realty Group Trust from a “sell” rating to a “neutral” rating and upped their price target for the company from $13.50 to $14.50 in a research report on Wednesday, September 4th. DA Davidson reiterated a “neutral” rating on shares of Kite Realty Group Trust in a research report on Monday, July 29th. Finally, Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Hold” and a consensus target price of $15.88.
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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