Kite Realty Group Trust (NYSE:KRG) Expected to Post FY2018 Earnings of $2.01 Per Share

Kite Realty Group Trust (NYSE:KRG) – Investment analysts at Capital One Financial reduced their FY2018 EPS estimates for shares of Kite Realty Group Trust in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will earn $2.01 per share for the year, down from their prior forecast of $2.04. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Kite Realty Group Trust’s Q4 2018 earnings at $0.51 EPS and FY2019 earnings at $2.09 EPS.

Several other equities research analysts have also recently commented on KRG. Zacks Investment Research cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Raymond James Financial reissued an “outperform” rating and issued a $23.00 price target (down previously from $25.00) on shares of Kite Realty Group Trust in a research note on Wednesday, December 20th. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Barclays dropped their price target on Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. Finally, Bank of America cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.33.

Shares of Kite Realty Group Trust (KRG) traded down $0.11 during trading on Tuesday, reaching $14.58. 149,023 shares of the company’s stock traded hands, compared to its average volume of 747,434. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. Kite Realty Group Trust has a 12-month low of $13.90 and a 12-month high of $24.00. The company has a market capitalization of $1,210.62, a PE ratio of 104.93, a PEG ratio of 1.69 and a beta of 0.42.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. The firm had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $89.14 million. During the same period in the previous year, the business earned $0.50 earnings per share. Kite Realty Group Trust’s revenue for the quarter was up .0% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Kite Realty Group Trust by 11.8% during the 4th quarter. BlackRock Inc. now owns 13,795,975 shares of the real estate investment trust’s stock valued at $270,402,000 after buying an additional 1,455,741 shares during the last quarter. State Street Corp lifted its holdings in shares of Kite Realty Group Trust by 1.7% during the 2nd quarter. State Street Corp now owns 3,348,017 shares of the real estate investment trust’s stock valued at $63,381,000 after buying an additional 57,564 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Kite Realty Group Trust by 10.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,343,832 shares of the real estate investment trust’s stock valued at $47,463,000 after buying an additional 230,507 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Kite Realty Group Trust by 4.4% during the 2nd quarter. Northern Trust Corp now owns 1,767,415 shares of the real estate investment trust’s stock valued at $33,456,000 after buying an additional 75,025 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Kite Realty Group Trust by 13.7% during the 4th quarter. American Century Companies Inc. now owns 1,713,133 shares of the real estate investment trust’s stock valued at $33,577,000 after buying an additional 206,839 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

In other Kite Realty Group Trust news, CEO John A. Kite sold 17,000 shares of Kite Realty Group Trust stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $20.09, for a total transaction of $341,530.00. Following the transaction, the chief executive officer now owns 52,712 shares of the company’s stock, valued at approximately $1,058,984.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas R. Olinger sold 3,157 shares of Kite Realty Group Trust stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,157 shares of company stock worth $497,645. Company insiders own 1.87% of the company’s stock.

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About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. 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.

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Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

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