Kite Realty Group Trust (KRG) Receives Daily Media Sentiment Score of 0.32

Media stories about Kite Realty Group Trust (NYSE:KRG) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kite Realty Group Trust earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.1516554078688 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of equities research analysts have recently issued reports on KRG shares. Zacks Investment Research lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a report on Tuesday, October 24th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Kite Realty Group Trust currently has a consensus rating of “Buy” and an average price target of $25.33.

Kite Realty Group Trust (KRG) opened at $19.59 on Wednesday. Kite Realty Group Trust has a twelve month low of $17.60 and a twelve month high of $25.01. The stock has a market capitalization of $1,657.67, a PE ratio of 9.72, a price-to-earnings-growth ratio of 2.08 and a beta of 0.62. 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 (NYSE:KRG) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $87.10 million during the quarter, compared to the consensus estimate of $88.16 million. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. sell-side analysts forecast that Kite Realty Group Trust will post 2.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors 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 yield of 6.48%. 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 presently 806.67%.

In related news, CAO Thomas R. Olinger sold 3,157 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.87% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Kite Realty Group Trust (NYSE:KRG)

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