Headlines about Kite Realty Group Trust (NYSE:KRG) have been trending positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kite Realty Group Trust earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.4588189910779 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- Kite Realty Group Trust (KRG) and AmREIT (AMRE) Critical Review (americanbankingnews.com)
- Contrasting Kite Realty Group Trust (KRG) and Simon Property Group (SPG) (americanbankingnews.com)
- Kite Realty Group Trust (KRG) Director Acquires $96,690.00 in Stock (americanbankingnews.com)
- Kite Realty Group Trust to Issue Quarterly Dividend of $0.32 (KRG) (americanbankingnews.com)
- Heard On The REITs – Week Ending February 9th, 2018 (seekingalpha.com)
KRG has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Raymond James Financial restated an “outperform” rating and issued a $23.00 target price (down previously from $25.00) on shares of Kite Realty Group Trust in a research report on Wednesday, December 20th. ValuEngine downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Capital One Financial restated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. Finally, Bank of America downgraded Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.33.
Shares of Kite Realty Group Trust (KRG) opened at $15.48 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1,294.22, a price-to-earnings ratio of 110.57, a P/E/G ratio of 1.80 and a beta of 0.42. Kite Realty Group Trust has a 1-year low of $13.90 and a 1-year high of $23.59.
Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $88.90 million for the quarter, compared to the consensus estimate of $89.14 million. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. research analysts forecast that Kite Realty Group Trust will post 2.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, April 6th will be issued a $0.3175 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.27 annualized dividend and a dividend yield of 8.20%. Kite Realty Group Trust’s dividend payout ratio is presently 907.14%.
In other news, Director William E. Bindley acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average price of $15.06 per share, for a total transaction of $1,506,000.00. Following the acquisition, the director now owns 85,014 shares of the company’s stock, valued at $1,280,310.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles H. Wurtzebach acquired 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $14.65 per share, for a total transaction of $96,690.00. The disclosure for this purchase can be found here. Insiders sold a total of 25,157 shares of company stock worth $497,645 in the last quarter. Company insiders own 1.87% of the company’s stock.
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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.
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