Kite Realty Group Trust (KRG) Receiving Positive Press Coverage, Report Finds
News headlines about Kite Realty Group Trust (NYSE:KRG) have trended positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kite Realty Group Trust earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.0537847420342 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
KRG has been the topic of a number of recent analyst reports. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Saturday, July 1st. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Kite Realty Group Trust has a consensus rating of “Buy” and a consensus target price of $25.33.
Shares of Kite Realty Group Trust (NYSE KRG) traded down 0.10% during midday trading on Friday, reaching $20.71. The company had a trading volume of 874,108 shares. The stock has a market capitalization of $1.73 billion, a PE ratio of 147.93 and a beta of 0.57. The company’s 50-day moving average is $20.42 and its 200-day moving average is $20.06. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $28.95.
Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The company had revenue of $92.65 million for the quarter, compared to the consensus estimate of $88.42 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. Kite Realty Group Trust’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Kite Realty Group Trust will post ($0.05) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 6th will be issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is 864.29%.
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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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