Kite Real Estate Group Trust (NYSE: ARK – Get a rating)The stock of was reassessed from its “overweight” rating by stock market analysts to Capital One Financial in a note issued Wednesday to investors, Zacks.com reports. Capital One Financial also released estimates for Kite Realty Group Trust Q1 2024 earnings at $0.45 EPS, FY2024 earnings at $1.87 EPS and FY2025 earnings at $1.97 EPS.
Several other research analysts have also recently commented on the ARK. Raymond James raised his price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a ‘strong buy’ rating in a Friday, March 11 research note . StockNews.com purported coverage of shares of Kite Realty Group Trust in a Thursday, March 31, research note. They issued a “sell” rating on the stock. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a Wednesday, May 11 research report. Finally, KeyCorp raised its price target on shares of Kite Realty Group Trust from $23.00 to $25.00 and gave the company an “overweight” rating in a Friday, Feb. 18 research report. One research analyst rated the stock with a sell rating, one issued a hold rating, six gave the company a buy rating and one issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.71.
Shares of ARK opened at $20.54 on Wednesday. The company has a market capitalization of $4.50 billion, a P/E ratio of -30.21, a P/E/G ratio of 1.38 and a beta of 1.25. Kite Realty Group Trust has a 12-month low of $18.42 and a 12-month high of $23.35. The company’s fifty-day simple moving average is $21.89 and its 200-day simple moving average is $21.66. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt ratio of 0.81.
Kite Real Estate Group Trust (NYSE: ARK – Get a rating) last released its quarterly results on Thursday, April 28. The real estate investment trust reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.40 per ($0.48). Kite Realty Group Trust had a negative return on equity of 4.77% and a negative net margin of 24.52%. In the same quarter a year earlier, the company posted earnings per share of $0.34. Analysts expect Kite Realty Group Trust to post 1.8 earnings per share for the current fiscal year.
Major investors have recently increased or reduced their stake in the company. BNP Paribas Arbitrage SA increased its stake in Kite Realty Group Trust shares by 11.5% in the third quarter. BNP Paribas Arbitrage SA now owns 115,431 shares of the real estate investment trust worth $2,350,000 after buying an additional 11,911 shares last quarter. Pictet Asset Management SA increased its stake in Kite Realty Group Trust by 157.2% in the 4th quarter. Pictet Asset Management SA now owns 79,638 shares of the real estate investment trust worth $1,735,000 after purchasing an additional 48,679 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in Kite Realty Group Trust by 56.4% in Q4. Legacy Wealth Asset Management LLC now owns 17,083 shares of the real estate investment trust worth $372,000 after purchasing an additional 6,159 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Kite Realty Group Trust by 198.2% in Q4. Commonwealth Equity Services LLC now owns 110,849 shares of the real estate investment trust worth $2,414,000 after buying an additional 73,674 shares last quarter. Finally, Centersquare Investment Management LLC increased its stake in Kite Realty Group Trust by 1,694.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,963,497 shares of the real estate investment trust worth $42,766,000 after purchasing an additional 1,854,097 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s shares.
Company Profile Kite Realty Group Trust (Get a rating)
Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in in-demand markets through our portfolio of neighborhood, community and lifestyle centers.
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