Kite Realty Group Trust (NYSE:KRG – Get Free Report) declared a quarterly dividend on Saturday, February 14th. Stockholders of record on Thursday, April 9th will be given a dividend of 0.29 per share by the real estate investment trust on Thursday, April 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 9th.
Kite Realty Group Trust has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 4 years. Kite Realty Group Trust has a dividend payout ratio of 313.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kite Realty Group Trust to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 53.5%.
Kite Realty Group Trust Stock Down 0.3%
NYSE:KRG opened at $24.61 on Tuesday. Kite Realty Group Trust has a 1-year low of $18.51 and a 1-year high of $26.38. The company has a 50-day moving average of $24.98 and a 200 day moving average of $23.60. The firm has a market cap of $5.00 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 4.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74.
About Kite Realty Group Trust
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.
Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.
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