Kite Realty Group Trust (NYSE:KRG) Receiving Favorable News Coverage, Analysis Finds
Media coverage about Kite Realty Group Trust (NYSE:KRG) has been trending positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kite Realty Group Trust earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.9738877573823 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- See what the IHS Markit Score report has to say about Kite Realty Group Trust. (finance.yahoo.com)
- Kite Realty Group Trust (KRG) Declares $0.3025 Quarterly Dividend; 6% Yield (streetinsider.com)
- Kite Realty Group Trust (KRG) Shares Bought by Dimensional Fund Advisors LP (gentst.com)
- Kite Realty Group Trust (KRG) Shares Bought by Breton Hill Capital Ltd. (footballhebdo.com)
Kite Realty Group Trust (NYSE:KRG) traded down 1.80% on Friday, hitting $20.23. 609,440 shares of the stock were exchanged. The company has a 50-day moving average of $19.67 and a 200 day moving average of $20.63. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $29.62. The firm has a market cap of $1.69 billion, a P/E ratio of 144.50 and a beta of 0.57.
Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $92.65 million for the quarter, compared to the consensus estimate of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. Kite Realty Group Trust’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts expect that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.
A number of brokerages have issued reports on KRG. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC lowered their target price on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Kite Realty Group Trust currently has an average rating of “Buy” and an average price target of $26.86.
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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.
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