Kite Realty Group Trust (NYSE:KRG) – Investment analysts at KeyCorp issued their Q4 2017 earnings per share estimates for shares of Kite Realty Group Trust in a report issued on Tuesday. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings per share of $0.50 for the quarter. KeyCorp has a “Hold” rating on the stock.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. Finally, ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Kite Realty Group Trust presently has an average rating of “Buy” and a consensus target price of $25.00.
Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $87.10 million for the quarter, compared to analyst estimates of $88.16 million. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be issued a $0.3175 dividend. This represents a $1.27 annualized dividend and a yield of 6.50%. The ex-dividend date is Thursday, January 4th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 806.67%.
In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. 1.87% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Kite Realty Group Trust by 3.1% during the third quarter. Public Employees Retirement System of Ohio now owns 96,169 shares of the real estate investment trust’s stock worth $1,947,000 after purchasing an additional 2,881 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Kite Realty Group Trust during the third quarter worth about $223,000. Eii Capital Management Inc. acquired a new stake in shares of Kite Realty Group Trust during the third quarter worth about $480,000. California Public Employees Retirement System lifted its holdings in shares of Kite Realty Group Trust by 9.7% during the third quarter. California Public Employees Retirement System now owns 229,717 shares of the real estate investment trust’s stock worth $4,652,000 after purchasing an additional 20,225 shares during the period. Finally, Zions Bancorporation acquired a new stake in shares of Kite Realty Group Trust during the third quarter worth about $111,000. 94.41% of the stock is owned by institutional investors and hedge funds.
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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.
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