Kite Realty Group Trust (NYSE:KRG) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $1.61-1.69 for the period.
A number of brokerages recently weighed in on KRG. Citigroup set a $16.00 price objective on shares of Kite Realty Group Trust and gave the stock a hold rating in a report on Monday, May 20th. ValuEngine downgraded shares of Kite Realty Group Trust from a hold rating to a sell rating in a research report on Saturday, June 22nd. Zacks Investment Research raised shares of Kite Realty Group Trust from a sell rating to a hold rating in a research report on Friday, June 14th. Finally, DA Davidson reaffirmed a neutral rating on shares of Kite Realty Group Trust in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Kite Realty Group Trust currently has an average rating of Hold and an average price target of $16.33.
NYSE:KRG traded down $0.66 during trading hours on Monday, reaching $14.97. The company had a trading volume of 630,700 shares, compared to its average volume of 513,510. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.35 and a current ratio of 1.35. Kite Realty Group Trust has a 52 week low of $13.66 and a 52 week high of $17.75. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. The company’s 50 day simple moving average is $15.48.
About Kite Realty Group Trust
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 portfolio of neighborhood, community, and lifestyle centers.
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