Kite Realty Group Trust (NYSE:KRG – Get Free Report) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.63.
KRG has been the subject of a number of analyst reports. Raymond James Financial reduced their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Friday, May 23rd. Wall Street Zen upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Wells Fargo & Company lowered their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th.
Read Our Latest Stock Analysis on KRG
Institutional Investors Weigh In On Kite Realty Group Trust
Kite Realty Group Trust Stock Performance
NYSE:KRG opened at $22.32 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.89. The firm’s fifty day simple moving average is $21.98 and its 200 day simple moving average is $22.94. The stock has a market cap of $4.91 billion, a P/E ratio of 318.86, a price-to-earnings-growth ratio of 5.69 and a beta of 1.11. Kite Realty Group Trust has a twelve month low of $18.52 and a twelve month high of $28.24.
Kite Realty Group Trust (NYSE:KRG – Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a return on equity of 0.41% and a net margin of 1.59%. As a group, research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.
Kite Realty Group Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust’s payout ratio is 1,542.86%.
About Kite Realty Group Trust
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.
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