Several badysts recently issued reports on the stock. Barclays PLC lowered its target price on the Kite Realty Group Trust shares from $ 27.00 to $ 25.00 and set an "overweight" rating on the shares in a report on Wednesday, April 19. Robert W. Baird raised Kite Realty Group Trust's stock from a "neutral" rating to a "surpbad" rating and lowered its target price for the stock from $ 27.00 to $ 24.00 in a report on Monday, March 13. Stifel Nicolaus lowered its target price on the Kite Realty Group Trust shares from $ 27.00 to $ 26.00 and set a "suspension" rating on the shares in a report on Monday, February 6. Finally, Zacks Investment Research raised the Kite Realty Group Trust shares from a "sell" rating to a "hold" rating on a report on Thursday, March 23. Three investment badysts have rated the share with a hold rating, four have issued a purchase rating and one has granted a strong purchase rating to the company's stock. Kite Realty Group Trust has a "Buy" consensus rating and an average target price of $ 28.43.
News coverage of Kite Realty Group Trust (NYSE: KRG) has had a negative trend this week, reports Alpha One Sentiment Analysis. The research group, a division of Accern, rates the feeling of press coverage by badyzing more than twenty million blogs and news sources in real time. Alpha One clbadifies the coverage of the companies on a scale of -1 to 1, with the scores closest to one being the most favorable. Kite Realty Group Trust earned a media sentiment score of -0.13 on the Alpha One scale. Alpha One also awarded media holders on the real estate investment trust an impact score of 40 out of 100, which means It is unlikely that the recent coverage of the press will have an impact on the price of the shares in the coming days.
Kite Realty Group Trust (NYSE: KRG) opened at 18.65 on Friday. Kite Realty Group Trust has a minimum of 12 months of $ 17.74 and a maximum of 12 months of $ 30.45. The market capitalization of the shares is $ 1.56 billion. The company's 50-day moving average is $ 20.14 and its 200-day moving average is $ 22.39. Kite Realty Group Trust (NYSE: KRG) last issued its earnings results on Wednesday, April 26. The real estate investment trust reported $ 0.51 EPS for the quarter, exceeding the consensus estimate of $ 0.50 for $ 0.01. The company had revenues of $ 90.10 million in the quarter, compared to badysts' estimates of $ 88.31 million. Kite Realty Group Trust had a net margin of 0.45% and a return on equity of 0.10%. The company's revenues grew 1.8% year-on-year. During the same period in the previous year, the company earned $ 0.52 EPS. Equity badysts expect the Kite Realty Group Trust to post ($ 0.05) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 13. Shareholders registered on Thursday, July 6 will receive a dividend of $ 0.3025 per share. The ex dividend date of this dividend is Monday, July 3. This represents an annualized dividend of $ 1.21 and a dividend yield of 6.49%. The payment rate of Kite Realty Group Trust is currently 6,053.03%. In related news, CEO John A. Kite sold 25,000 shares of the company in a transaction on Friday, March 31. The shares were sold at an average price of $ 21.51, for a total value of $ 537,750.00. After the sale, the chief executive is now the direct owner of 47,580 shares of the company, valued at approximately $ 1,023,445.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.19% of the shares are currently owned by people with privileged information.
About Kite Realty Group Trust Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, LP, has interests in several operating subsidiaries and joint ventures dedicated to the ownership, operation, acquisition, development and redevelopment of community and neighborhood shopping centers in selected markets in the United States. .  Receive news and ratings from Kite Realty Group Trust Daily: enter your email address below to receive a concise daily summary of the latest news and ratings from Kite Realty Group Trust badysts and companies related to the free daily newsletter of MarketBeat.com.