Kite Realty Group Trust (NYSE:KRG) Receives Average “Buy” Rating from Analysts
Shares of Kite Realty Group Trust (NYSE:KRG – Get Rating) have been assigned a consensus “Buy” recommendation by the eight ratings companies that currently cover the company, Marketbeat.com reports. One research analyst rated the stock with a sell rating, five gave the company a buy rating, and two gave the company a strong buy rating. The 1-year average price target among brokerages that have covered the stock over the past year is $25.71.
Several research firms have recently published reports on the ARK. Robert W. Baird upgraded Kite Realty Group Trust from a ‘neutral’ rating to an ‘outperforming’ rating and raised its target price for the stock from $21.00 to $24.00 in a Thursday research report January 13. Raymond James raised his price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “Strong Buy” rating in a Friday, March 11 report. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “hold” rating to a “strong-buy” rating and set a target price of $25.00 on the stock in a Tuesday, April 12 report . StockNews.com began covering shares of Kite Realty Group Trust in a research note on Thursday, March 31. They set a “sell” rating for the company. Finally, KeyCorp raised its price target on shares of Kite Realty Group Trust from $23.00 to $25.00 and gave the stock an “overweight” rating in a Friday, Feb. 18 research note.
KRG opened at $22.38 on Monday. The company has a 50-day simple moving average of $22.15 and a two-hundred-day simple moving average of $21.64. The company has a debt ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4.90 billion, a P/E ratio of -72.19, a PEG ratio of 1.58 and a beta of 1.33. Kite Realty Group Trust has a 1 year minimum of $18.42 and a 1 year maximum of $23.35.
Kite Realty Group Trust (NYSE:KRG – Get Rating) last released its results on Sunday, February 13. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.51). Kite Realty Group Trust posted a negative return on equity of 4.27% and a negative net margin of 21.65%. In the same quarter a year earlier, the company posted earnings per share of $0.33. Stock analysts expect Kite Realty Group Trust to post 1.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15. Investors of record on Friday, April 8 received a dividend of $0.20 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 7. This represents a dividend of $0.80 on an annualized basis and a yield of 3.57%. Kite Realty Group Trust’s dividend payout ratio is currently -258.06%.
Major investors have recently changed their stake in the company. Van ECK Associates Corp increased its equity stake in Kite Realty Group Trust by 15.6% in Q3. Van ECK Associates Corp now owns 3,889 shares of the real estate investment trust worth $79,000 after buying an additional 525 shares in the last quarter. Pendal Group Ltd increased its position in Kite Realty Group Trust by 1.3% in the third quarter. Pendal Group Ltd now owns 48,100 shares of the real estate investment trust worth $979,000 after acquiring an additional 600 shares in the last quarter. The Swiss National Bank increased its stake in Kite Realty Group Trust by 0.5% during the third quarter. The Swiss National Bank now owns 186,700 shares of the real estate investment trust worth $3,801,000 after acquiring 900 more shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Kite Realty Group Trust by 61.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,110 shares of the real estate investment trust worth $68,000 after purchasing an additional 1,182 shares during the period. Finally, Versant Capital Management Inc increased its stake in the shares of Kite Realty Group Trust by 84.8% in the 4th quarter. Versant Capital Management Inc now owns 2,620 shares of the real estate investment trust worth $57,000 after purchasing an additional 1,202 shares in the last quarter. 54.37% of the shares are held by institutional investors and hedge funds.
Company Profile Kite Realty Group Trust (Get a rating)
Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in in-demand markets through our portfolio of neighborhood, community and lifestyle centers.
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