Shares of Kite Realty Group Trust (NYSE:KRG) have earned an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.00.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. DA Davidson lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Monday, February 5th. Bank of America lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Barclays reduced their price target on shares of Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th.
In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $19.01, for a total transaction of $60,014.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John A. Kite sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $20.09, for a total value of $341,530.00. Following the sale, the chief executive officer now directly owns 52,712 shares of the company’s stock, valued at approximately $1,058,984.08. The disclosure for this sale can be found here. In the last three months, insiders sold 25,157 shares of company stock valued at $497,645. 1.87% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Kite Realty Group Trust by 11.8% in the fourth quarter. BlackRock Inc. now owns 13,795,975 shares of the real estate investment trust’s stock valued at $270,402,000 after acquiring an additional 1,455,741 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Kite Realty Group Trust by 55.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,218,437 shares of the real estate investment trust’s stock valued at $24,674,000 after acquiring an additional 436,465 shares in the last quarter. Coronation Fund Managers Ltd. raised its holdings in Kite Realty Group Trust by 132.9% in the 4th quarter. Coronation Fund Managers Ltd. now owns 651,208 shares of the real estate investment trust’s stock valued at $12,764,000 after acquiring an additional 371,590 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Kite Realty Group Trust by 10.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,343,832 shares of the real estate investment trust’s stock worth $47,463,000 after buying an additional 230,507 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Kite Realty Group Trust by 13.7% during the 4th quarter. American Century Companies Inc. now owns 1,713,133 shares of the real estate investment trust’s stock worth $33,577,000 after buying an additional 206,839 shares in the last quarter. 94.65% of the stock is owned by hedge funds and other institutional investors.
Kite Realty Group Trust (NYSE KRG) traded down $0.02 on Tuesday, hitting $14.48. The stock had a trading volume of 1,230,000 shares, compared to its average volume of 745,872. The stock has a market capitalization of $1,210.61, a P/E ratio of 103.43, a P/E/G ratio of 1.69 and a beta of 0.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 1.05. Kite Realty Group Trust has a 1 year low of $13.90 and a 1 year high of $24.38.
Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The firm had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $89.14 million. During the same period in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. analysts expect that Kite Realty Group Trust will post 2.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, January 5th were issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend was Thursday, January 4th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s payout ratio is presently 907.14%.
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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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