Kite Realty Group Trust (NYSE:KRG) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.17.

Several brokerages recently weighed in on KRG. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 28th. ValuEngine cut Kite Realty Group Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 27th. Finally, Citigroup increased their price target on Kite Realty Group Trust from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th.

Large investors have recently added to or reduced their stakes in the stock. Bridgeworth LLC acquired a new position in shares of Kite Realty Group Trust in the 1st quarter valued at $171,000. SG Americas Securities LLC boosted its position in shares of Kite Realty Group Trust by 78.3% in the 1st quarter. SG Americas Securities LLC now owns 11,693 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 5,135 shares during the period. Private Advisor Group LLC acquired a new position in shares of Kite Realty Group Trust in the 2nd quarter valued at $212,000. Element Capital Management LLC acquired a new position in shares of Kite Realty Group Trust in the 1st quarter valued at $240,000. Finally, BB&T Securities LLC boosted its position in shares of Kite Realty Group Trust by 36.2% in the 2nd quarter. BB&T Securities LLC now owns 14,781 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 3,927 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

KRG stock traded up $0.08 during trading hours on Friday, hitting $17.51. 340,263 shares of the stock traded hands, compared to its average volume of 523,884. Kite Realty Group Trust has a one year low of $13.87 and a one year high of $20.79. The stock has a market capitalization of $1.46 billion, a P/E ratio of 8.58, a P/E/G ratio of 2.02 and a beta of 0.55. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.04.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Kite Realty Group Trust had a negative return on equity of 1.14% and a negative net margin of 4.92%. The business had revenue of $91.70 million during the quarter, compared to analysts’ expectations of $88.08 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. sell-side analysts anticipate that Kite Realty Group Trust will post 2 earnings per share for the current year.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our diverse portfolio of high-quality community, neighborhood, and lifestyle centers.

Featured Story: Hedge Funds Explained

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

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.