Positive News Coverage Somewhat Unlikely to Affect Kite Realty Group Trust (KRG) Stock Price
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 0.28 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 48.4924243589743 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.
A number of equities research analysts have commented on the company. ValuEngine upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. BidaskClub upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Zacks Investment Research downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Buy” and an average price target of $25.33.
Kite Realty Group Trust (KRG) traded up $0.15 during mid-day trading on Friday, hitting $19.34. The company had a trading volume of 514,836 shares, compared to its average volume of 741,850. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.90. The stock has a market cap of $1,584.94, a P/E ratio of 9.29, a PEG ratio of 2.00 and a beta of 0.62. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $25.44.
Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The firm had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. sell-side analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, October 6th were issued a $0.3025 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.21 annualized dividend and a dividend yield of 6.26%. Kite Realty Group Trust’s dividend payout ratio is presently 806.67%.
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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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