Headlines about Kite Realty Group Trust (NYSE:KRG) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kite Realty Group Trust earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 52 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the next few days.
KRG has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Friday, April 7th. BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Robert W. Baird raised shares of Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $27.00 to $24.00 in a research note on Monday, March 13th. ValuEngine downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barclays PLC dropped their price objective on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.86.
Kite Realty Group Trust (KRG) traded down 1.23% on Monday, hitting $18.52. 138,115 shares of the stock were exchanged. The company’s market cap is $1.55 billion. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $30.45. The company’s 50-day moving average is $18.66 and its 200-day moving average is $21.42.
Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Kite Realty Group Trust had a return on equity of 0.01% and a net margin of 0.05%. The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $88.31 million. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Kite Realty Group Trust will post ($0.05) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Thursday, July 6th will be given a dividend of $0.3025 per share. The ex-dividend date is Monday, July 3rd. This represents a $1.21 dividend on an annualized basis and a yield of 6.45%.
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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