ValuEngine Upgrades Kite Realty Group Trust (KRG) to Buy

ValuEngine upgraded shares of Kite Realty Group Trust (NYSE:KRG) from a hold rating to a buy rating in a report released on Friday morning.

KRG has been the topic of a number of other research reports. KeyCorp reissued a hold rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. BidaskClub raised Kite Realty Group Trust from a hold rating to a buy rating in a report on Tuesday, August 1st. Robert W. Baird reissued a buy rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Finally, Zacks Investment Research raised Kite Realty Group Trust from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Friday, July 21st. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Kite Realty Group Trust presently has a consensus rating of Buy and an average price target of $25.33.

Shares of Kite Realty Group Trust (NYSE:KRG) opened at 20.11 on Friday. The firm has a 50-day moving average price of $20.24 and a 200 day moving average price of $19.91. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $26.68. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 143.64 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $92.65 million for the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Analysts expect that Kite Realty Group Trust will post ($0.05) earnings per share for the current year.

WARNING: “ValuEngine Upgrades Kite Realty Group Trust (KRG) to Buy” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/valuengine-upgrades-kite-realty-group-trust-krg-to-buy.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, October 6th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is presently 864.29%.

A number of hedge funds have recently made changes to their positions in KRG. Russell Investments Group Ltd. grew its holdings in Kite Realty Group Trust by 597.9% during the first quarter. Russell Investments Group Ltd. now owns 117,861 shares of the real estate investment trust’s stock worth $2,534,000 after acquiring an additional 100,972 shares during the period. Wells Fargo & Company MN grew its holdings in Kite Realty Group Trust by 7.7% during the first quarter. Wells Fargo & Company MN now owns 62,806 shares of the real estate investment trust’s stock worth $1,350,000 after acquiring an additional 4,466 shares during the period. Swiss National Bank grew its holdings in Kite Realty Group Trust by 1.7% during the first quarter. Swiss National Bank now owns 137,200 shares of the real estate investment trust’s stock worth $2,950,000 after acquiring an additional 2,300 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Kite Realty Group Trust by 24.8% during the first quarter. UBS Asset Management Americas Inc. now owns 158,249 shares of the real estate investment trust’s stock worth $3,402,000 after acquiring an additional 31,438 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Kite Realty Group Trust during the first quarter worth $480,000. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate i

KRG has been the topic of a number of other research reports. KeyCorp reissued a hold rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. BidaskClub raised Kite Realty Group Trust from a hold rating to a buy rating in a report on Tuesday, August 1st. Robert W. Baird reissued a buy rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Finally, Zacks Investment Research raised Kite Realty Group Trust from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Friday, July 21st. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Kite Realty Group Trust presently has a consensus rating of Buy and an average price target of $25.33.

Shares of Kite Realty Group Trust (NYSE:KRG) opened at 20.11 on Friday. The firm has a 50-day moving average price of $20.24 and a 200 day moving average price of $19.91. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $26.68. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 143.64 and a beta of 0.57.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $92.65 million for the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Analysts expect that Kite Realty Group Trust will post ($0.05) earnings per share for the current year.

WARNING: “ValuEngine Upgrades Kite Realty Group Trust (KRG) to Buy” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/valuengine-upgrades-kite-realty-group-trust-krg-to-buy.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, October 6th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is presently 864.29%.

A number of hedge funds have recently made changes to their positions in KRG. Russell Investments Group Ltd. grew its holdings in Kite Realty Group Trust by 597.9% during the first quarter. Russell Investments Group Ltd. now owns 117,861 shares of the real estate investment trust’s stock worth $2,534,000 after acquiring an additional 100,972 shares during the period. Wells Fargo & Company MN grew its holdings in Kite Realty Group Trust by 7.7% during the first quarter. Wells Fargo & Company MN now owns 62,806 shares of the real estate investment trust’s stock worth $1,350,000 after acquiring an additional 4,466 shares during the period. Swiss National Bank grew its holdings in Kite Realty Group Trust by 1.7% during the first quarter. Swiss National Bank now owns 137,200 shares of the real estate investment trust’s stock worth $2,950,000 after acquiring an additional 2,300 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Kite Realty Group Trust by 24.8% during the first quarter. UBS Asset Management Americas Inc. now owns 158,249 shares of the real estate investment trust’s stock worth $3,402,000 after acquiring an additional 31,438 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Kite Realty Group Trust during the first quarter worth $480,000. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply