ValuEngine Upgrades Kite Realty Group Trust (KRG) to Sell

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

Several other analysts also recently weighed in on KRG. Sandler O’Neill set a $15.00 price target on shares of Kite Realty Group Trust and gave the stock a hold rating in a research note on Tuesday, April 24th. Barclays reaffirmed a buy rating and set a $19.00 price objective on shares of Kite Realty Group Trust in a research note on Tuesday, April 17th. Zacks Investment Research raised shares of Kite Realty Group Trust from a sell rating to a hold rating in a research note on Saturday, April 28th. Robert W. Baird reaffirmed a buy rating and set a $19.00 price objective on shares of Kite Realty Group Trust in a research note on Wednesday, March 21st. Finally, TheStreet downgraded shares of Kite Realty Group Trust from a c rating to a d+ rating in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $18.57.

Kite Realty Group Trust opened at $17.52 on Thursday, Marketbeat Ratings reports. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 2.04 and a beta of 0.51. Kite Realty Group Trust has a twelve month low of $13.87 and a twelve month high of $21.57.

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

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

A number of hedge funds have recently added to or reduced their stakes in KRG. Certified Advisory Corp bought a new position in Kite Realty Group Trust in the fourth quarter worth about $137,000. Bridgeworth LLC bought a new position in Kite Realty Group Trust in the first quarter worth about $171,000. SG Americas Securities LLC raised its stake in Kite Realty Group Trust by 78.3% in the first quarter. SG Americas Securities LLC now owns 11,693 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 5,135 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in Kite Realty Group Trust in the fourth quarter worth about $202,000. Finally, Element Capital Management LLC bought a new position in Kite Realty Group Trust in the first quarter worth about $240,000. 93.75% of the stock is owned by institutional investors.

About Kite Realty Group Trust

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)

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply