Kite Realty Group Trust(NYSE:KRG) Declares Dividend of $0.2875.

Kite Realty Group Trust (NYSE:KRG) had declared a cash dividend of $0.2875 on Jun 16, 2016. The shares will quote ex-dividend on Jul 5, 2016 and the record date has been fixed for Jul 7, 2016. On Jun 16, 2016 share price, the yield comes out to be 4.2482%. The dividend payable date has been fixed on Jul 14, 2016.

In a different note, DA Davidson said it Initiates Coverage on Kite Realty Group Trust, according to a research note issued on Apr 1, 2016. The shares have been rated ‘Buy’ by the firm.

Kite Realty Group Trust (KRG) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -0.41% at a volume of 4,39,564. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.28. The peak price level was also seen at $27.28 while the days lowest was $27.03. Finally the shares closed at $27.05. The 52-week high of the shares is $30 while the 52-week low is $22.82. According to the latest information available, the market cap of the company is $2,255 M.

Kite Realty Group Trust(KRG) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $88.55M. Analysts had an estimated revenue of $87.34M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Feb 12, 2016, Thomas R Olinger (Senior VP & CAO) sold 2,283 shares at $26.36 per share price.Also, On Dec 3, 2015, John A Kite (Chairman & CEO) sold 10,000 shares at $27.11 per share price.

Kite Realty Group Trust is a full-service vertically integrated real estate company engaged in the ownership and operation acquisition development and redevelopment of neighborhood and community shopping centers in the United States. The Company conducts all of its business through its operating partnership Kite Realty Group L.P. (KRG). The Company held a 98.1% interest in KRG with limited partners owning the remaining 1.9%. The Company owns interests in 118 retail operating properties totaling approximately 23.9 million square feet of gross leasable area (including approximately 7.7 million square feet of non-owned anchor space) located in 26 states. Its retail operating portfolio was 94.8% leased to a diversified retail tenant base with no single retail tenant accounting for more than 3.4% of its total annualized base rent.

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