News articles about Kite Realty Group Trust (NYSE:KRG) have been trending positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kite Realty Group Trust earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.8855825380858 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
KRG stock traded down $0.20 during trading on Friday, reaching $15.22. 709,107 shares of the company were exchanged, compared to its average volume of 796,533. The stock has a market cap of $1,306.66, a price-to-earnings ratio of 7.46, a P/E/G ratio of 1.84 and a beta of 0.47. Kite Realty Group Trust has a twelve month low of $13.90 and a twelve month high of $22.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.05 and a quick ratio of 1.05.
Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. The firm had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $89.14 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up .0% on a year-over-year basis. equities research analysts anticipate that Kite Realty Group Trust will post 2 EPS for the current fiscal year.
Several research firms have recently weighed in on KRG. Robert W. Baird restated 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. Sandler O’Neill set a $16.00 price objective on shares of Kite Realty Group Trust and gave the company a “hold” rating in a report on Tuesday, March 20th. Barclays reissued a “buy” rating and issued a $20.00 price objective on shares of Kite Realty Group Trust in a report on Thursday, March 8th. Citigroup cut their price objective on shares of Kite Realty Group Trust from $20.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Finally, Capital One Financial upgraded shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating in a research report on Monday, February 5th. 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. Kite Realty Group Trust currently has an average rating of “Hold” and an average target price of $18.86.
In other news, Director William E. Bindley acquired 100,000 shares of Kite Realty Group Trust stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $15.06 per share, with a total value of $1,506,000.00. Following the purchase, the director now owns 85,014 shares in the company, valued at approximately $1,280,310.84. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles H. Wurtzebach acquired 6,600 shares of Kite Realty Group Trust stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $14.65 per share, for a total transaction of $96,690.00. The disclosure for this purchase can be found here. Corporate insiders own 1.87% of the company’s stock.
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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.
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