US Concrete (USCR) Is At $73.03 Formed Wedge; Kite Realty Group Trust Has 1.33 Sentiment

June 19, 2017 - By olga

Kite Realty Group Trust is a real estate investment trust. The company has market cap of $1.51 billion. 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. It currently has negative earnings. As of December 31, 2016, the Company owned interests in 108 operating retail properties totaling approximately 21.4 million square feet of gross leasable area located in 20 states.

US Concrete Inc (USCR) formed wedge up with $78.87 target or 8.00% above today’s $73.03 share price. US Concrete Inc (USCR) has $1.20B valuation. About 135,956 shares traded. US Concrete Inc (NASDAQ:USCR) has risen 14.26% since June 19, 2016 and is uptrending. It has underperformed by 2.44% the S&P500.

Analysts await Kite Realty Group Trust (NYSE:KRG) to report earnings on July, 27. They expect $0.50 earnings per share, down 3.85% or $0.02 from last year’s $0.52 per share. KRG’s profit will be $40.55M for 9.31 P/E if the $0.50 EPS becomes a reality. After $0.51 actual earnings per share reported by Kite Realty Group Trust for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

Real Estate Management Services Llc holds 6.09% of its portfolio in Kite Realty Group Trust for 1.31 million shares. Presima Inc. owns 595,775 shares or 2.07% of their US portfolio. Moreover, Chilton Capital Management Llc has 1.36% invested in the company for 554,713 shares. The New York-based Dalton Greiner Hartman Maher & Co has invested 1.05% in the stock. Forward Management Llc, a California-based fund reported 514,948 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $537,750 activity.

About 74,616 shares traded. Kite Realty Group Trust (KRG) has declined 27.51% since June 19, 2016 and is downtrending. It has underperformed by 44.21% the S&P500.

Ratings analysis reveals 33% of Kite Realty’s analysts are positive. Out of 3 Wall Street analysts rating Kite Realty, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. KRG was included in 3 notes of analysts from December 12, 2016. The firm has “Neutral” rating given on Tuesday, December 13 by Citigroup. The rating was upgraded by Raymond James on Monday, January 9 to “Strong Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Monday, December 12.

Investors sentiment increased to 1.28 in Q4 2016. Its up 0.26, from 1.02 in 2016Q3. It is positive, as 23 investors sold US Concrete Inc shares while 60 reduced holdings. 43 funds opened positions while 63 raised stakes. 17.11 million shares or 7.47% more from 15.93 million shares in 2016Q3 were reported. Quantbot Technologies Lp stated it has 667 shares. Blackrock Advsr Ltd Company holds 7,606 shares or 0% of its portfolio. Schwab Charles Investment Mgmt invested in 0% or 53,914 shares. Oppenheimer And invested in 0.01% or 4,500 shares. Clinton Gru has invested 0.02% in US Concrete Inc (NASDAQ:USCR). Citigroup has 28,636 shares. Moreover, Pinebridge Investments Ltd Partnership has 0% invested in US Concrete Inc (NASDAQ:USCR). Suntrust Banks Inc reported 4,696 shares. Geode Cap Ltd Liability invested 0% of its portfolio in US Concrete Inc (NASDAQ:USCR). Pennsylvania-based Federated Inc Pa has invested 0.02% in US Concrete Inc (NASDAQ:USCR). Invesco Limited owns 0% invested in US Concrete Inc (NASDAQ:USCR) for 151,674 shares. Independent Portfolio Consultants Inc reported 0.01% of its portfolio in US Concrete Inc (NASDAQ:USCR). Tiaa Cref Inv Management Ltd owns 0% invested in US Concrete Inc (NASDAQ:USCR) for 59,845 shares. New Generation Limited Com has invested 0.87% of its portfolio in US Concrete Inc (NASDAQ:USCR). Lpl Ltd Liability owns 4,954 shares.

Since December 21, 2016, it had 0 buys, and 11 insider sales for $3.49 million activity. 250 US Concrete Inc (NASDAQ:USCR) shares with value of $17,325 were sold by Kohutek Kevin. Shares for $209,507 were sold by Peabody Mark Baker on Monday, March 13. DAVIS JEFF L had sold 6,000 shares worth $397,638. SANDBROOK WILLIAM J also sold $405,846 worth of US Concrete Inc (NASDAQ:USCR) shares. POULSEN NIEL L sold $906,990 worth of stock. ROBERTS JEFFREY W sold 2,394 shares worth $162,792.

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