Kite Realty Group Trust (NYSE:KRG – Get Rating) will be announcing its earnings results after the market closes on Monday, February 13th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Kite Realty Group Trust Stock Down 1.1 %
Shares of KRG stock opened at $22.29 on Monday. The stock’s 50-day simple moving average is $21.37 and its 200-day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $4.88 billion, a PE ratio of -38.43, a P/E/G ratio of 1.29 and a beta of 1.40. Kite Realty Group Trust has a fifty-two week low of $16.42 and a fifty-two week high of $23.35.
Kite Realty Group Trust Increases Dividends
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, January 6th were issued a $0.24 dividend. The ex-dividend date was Thursday, January 5th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.31%. Kite Realty Group Trust’s dividend payout ratio is currently -165.52%.
Insiders Place Their Bets
In other Kite Realty Group Trust news, Director Steven P. Grimes sold 46,500 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $21.77, for a total transaction of $1,012,305.00. Following the transaction, the director now owns 823,506 shares in the company, valued at $17,927,725.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via the SEC website. In other news, Director Steven P. Grimes sold 46,500 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $21.77, for a total value of $1,012,305.00. Following the transaction, the director now owns 823,506 shares in the company, valued at $17,927,725.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven P. Grimes sold 12,946 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $22.35, for a total value of $289,343.10. Following the completion of the transaction, the director now owns 778,506 shares in the company, valued at approximately $17,399,609.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,500 shares of company stock worth $2,013,888. 1.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Kite Realty Group Trust
Several hedge funds and other institutional investors have recently made changes to their positions in the company. CENTRAL TRUST Co lifted its position in shares of Kite Realty Group Trust by 91.4% in the third quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 800 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Kite Realty Group Trust by 0.7% in the first quarter. Yousif Capital Management LLC now owns 115,626 shares of the real estate investment trust’s stock valued at $2,633,000 after acquiring an additional 830 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Kite Realty Group Trust by 18.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 1,067 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kite Realty Group Trust by 1.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 91,772 shares of the real estate investment trust’s stock valued at $1,587,000 after acquiring an additional 1,376 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Kite Realty Group Trust by 5.6% in the first quarter. Mackenzie Financial Corp now owns 27,509 shares of the real estate investment trust’s stock valued at $626,000 after acquiring an additional 1,454 shares in the last quarter. Hedge funds and other institutional investors own 96.84% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on the company. Robert W. Baird lowered Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $25.00 in a report on Thursday, January 5th. Piper Sandler raised their target price on Kite Realty Group Trust to $25.00 in a report on Wednesday, November 16th. Bank of America raised Kite Realty Group Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $25.00 in a report on Wednesday, November 9th. Raymond James dropped their target price on Kite Realty Group Trust from $27.00 to $26.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 4th. Finally, StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.25.
Kite Realty Group Trust Company Profile
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Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhoods and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.
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