Kite Realty Group Trust (KRG) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Kite Realty Group Trust (NYSE:KRG) from a strong sell rating to a sell rating in a research report report published on Thursday.

KRG has been the topic of a number of other reports. Robert W. Baird reiterated a buy rating and set a $19.00 target price on shares of Kite Realty Group Trust in a research report on Wednesday, March 21st. Barclays reiterated a buy rating and set a $20.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, March 8th. TheStreet downgraded Kite Realty Group Trust from a c rating to a d+ rating in a research report on Wednesday, April 25th. Sandler O’Neill set a $15.00 price objective on Kite Realty Group Trust and gave the company a hold rating in a research report on Tuesday, April 24th. Finally, Zacks Investment Research upgraded Kite Realty Group Trust from a sell rating to a hold rating in a research report on Saturday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $18.57.

KRG opened at $17.52 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 2.03 and a beta of 0.51. Kite Realty Group Trust has a one year low of $13.87 and a one year high of $21.57.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $89.76 million for the quarter, compared to the consensus estimate of $88.38 million. Kite Realty Group Trust had a negative return on equity of 0.38% and a negative net margin of 1.69%. Kite Realty Group Trust’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. equities analysts anticipate that Kite Realty Group Trust will post 2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, July 6th will be given a $0.317 dividend. The ex-dividend date is Thursday, July 5th. This represents a $1.27 annualized dividend and a dividend yield of 7.24%. Kite Realty Group Trust’s dividend payout ratio is currently 62.25%.

Large investors have recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Kite Realty Group Trust by 8.5% in the fourth quarter. Deutsche Bank AG now owns 371,867 shares of the real estate investment trust’s stock valued at $7,284,000 after acquiring an additional 29,073 shares in the last quarter. Cbre Clarion Securities LLC acquired a new position in Kite Realty Group Trust in the fourth quarter valued at $19,634,000. Raymond James Financial Services Advisors Inc. increased its stake in Kite Realty Group Trust by 41.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 51,682 shares of the real estate investment trust’s stock valued at $1,013,000 after purchasing an additional 15,190 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Kite Realty Group Trust in the fourth quarter valued at $561,000. Finally, MetLife Investment Advisors LLC acquired a new position in Kite Realty Group Trust in the fourth quarter valued at $764,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

Kite Realty Group Trust Company Profile

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.

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

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

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