Shares of Kite Realty Group Trust (NYSE:KRG) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.25.

KRG has been the topic of a number of recent research reports. Zacks Investment Research lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $23.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a report on Wednesday, December 20th.

Kite Realty Group Trust (NYSE:KRG) traded down $0.09 during mid-day trading on Friday, hitting $18.16. The stock had a trading volume of 1,553,900 shares, compared to its average volume of 648,188. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $24.38. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1,530.00, a price-to-earnings ratio of 121.07, a PEG ratio of 2.02 and a beta of 0.61.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. The company had revenue of $87.10 million for the quarter, compared to analyst estimates of $88.16 million. During the same quarter last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. research analysts expect that Kite Realty Group Trust will post 2.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, January 5th will be issued a dividend of $0.3175 per share. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.30. This represents a $1.27 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Thursday, January 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 846.67%.

In other Kite Realty Group Trust news, COO Thomas K. Mcgowan sold 5,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $19.22, for a total value of $96,100.00. Following the sale, the chief operating officer now directly owns 86,751 shares in the company, valued at $1,667,354.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John A. Kite sold 17,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $20.09, for a total value of $341,530.00. Following the completion of the sale, the chief executive officer now owns 52,712 shares in the company, valued at $1,058,984.08. The disclosure for this sale can be found here. Insiders have sold 25,157 shares of company stock worth $497,645 over the last quarter. 1.87% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of KRG. Schwab Charles Investment Management Inc. raised its stake in shares of Kite Realty Group Trust by 14.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 781,972 shares of the real estate investment trust’s stock valued at $14,803,000 after buying an additional 96,400 shares during the period. SG Americas Securities LLC raised its stake in shares of Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 557 shares during the period. Wells Fargo & Company MN raised its stake in shares of Kite Realty Group Trust by 3.4% in the second quarter. Wells Fargo & Company MN now owns 64,972 shares of the real estate investment trust’s stock valued at $1,230,000 after buying an additional 2,166 shares during the period. Systematic Financial Management LP bought a new stake in shares of Kite Realty Group Trust in the second quarter valued at $1,696,000. Finally, AXA raised its stake in shares of Kite Realty Group Trust by 205.3% in the second quarter. AXA now owns 224,410 shares of the real estate investment trust’s stock valued at $4,249,000 after buying an additional 150,900 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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Kite Realty Group Trust Company Profile

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.

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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