Kite Realty Group Trust (NYSE:KRG) Research Coverage Started at Compass Point

Compass Point began coverage on shares of Kite Realty Group Trust (NYSE:KRG) in a report issued on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a sell rating and a $13.50 target price on the real estate investment trust’s stock.

KRG has been the topic of a number of other research reports. ValuEngine lowered Kite Realty Group Trust from a hold rating to a sell rating in a report on Saturday, June 22nd. DA Davidson reaffirmed a neutral rating on shares of Kite Realty Group Trust in a report on Monday, July 29th. Zacks Investment Research raised Kite Realty Group Trust from a sell rating to a hold rating in a report on Friday, June 14th. Finally, Citigroup set a $16.00 price objective on Kite Realty Group Trust and gave the company a hold rating in a report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $15.63.

NYSE KRG opened at $14.64 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.02. Kite Realty Group Trust has a 52-week low of $13.66 and a 52-week high of $17.75. The business’s 50-day moving average price is $15.37 and its 200 day moving average price is $15.78. The firm has a market cap of $1.22 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.76 and a beta of 0.81.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. Kite Realty Group Trust had a negative return on equity of 1.66% and a negative net margin of 6.92%. The firm had revenue of $81.48 million for the quarter, compared to analyst estimates of $79.95 million. During the same quarter last year, the company posted $0.53 earnings per share. The business’s revenue was down 11.2% on a year-over-year basis. As a group, analysts anticipate that Kite Realty Group Trust will post 1.65 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in Kite Realty Group Trust in the 2nd quarter valued at approximately $31,000. Versant Capital Management Inc boosted its holdings in Kite Realty Group Trust by 96.3% in the 1st quarter. Versant Capital Management Inc now owns 2,518 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,235 shares in the last quarter. Weaver Consulting Group purchased a new stake in Kite Realty Group Trust in the 2nd quarter valued at approximately $49,000. HM Payson & Co. purchased a new stake in Kite Realty Group Trust in the 2nd quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Kite Realty Group Trust by 227.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,132 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 4,257 shares in the last quarter. 90.34% of the stock is currently owned by institutional investors.

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.

Recommended Story: How a Put Option Works

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.