Kite Realty Group Trust (NYSE:KRG) – Analysts at KeyCorp decreased their FY2018 earnings estimates for Kite Realty Group Trust in a research note issued on Tuesday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $2.06 for the year, down from their prior forecast of $2.08. KeyCorp has a “Hold” rating on the stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 8th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.00.

Kite Realty Group Trust (KRG) traded up $0.19 during trading hours on Thursday, reaching $19.51. 546,700 shares of the company traded hands, compared to its average volume of 737,895. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.06. Kite Realty Group Trust has a twelve month low of $17.60 and a twelve month high of $24.61. The firm has a market cap of $1,615.04, a P/E ratio of 9.47, a PEG ratio of 2.10 and a beta of 0.62.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The business had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. During the same period last year, the company earned $0.52 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, January 5th will be given a $0.3175 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.51%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s payout ratio is 806.67%.

In other news, CAO Thomas R. Olinger sold 3,157 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.87% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Kite Realty Group Trust by 11.5% in the 2nd quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 557 shares during the period. Zions Bancorporation acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $111,000. Riverhead Capital Management LLC lifted its position in shares of Kite Realty Group Trust by 64.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 2,627 shares during the period. First Mercantile Trust Co. lifted its position in shares of Kite Realty Group Trust by 14.4% in the 2nd quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 850 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in shares of Kite Realty Group Trust by 58.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 94.41% of the company’s stock.

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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.

Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

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