Equities analysts expect Kite Realty Group Trust (NYSE:KRG) to announce $0.32 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Kite Realty Group Trust’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.30. Kite Realty Group Trust reported earnings per share of $0.36 in the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, April 29th.
According to Zacks, analysts expect that Kite Realty Group Trust will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.35. For the next fiscal year, analysts expect that the company will report earnings of $1.39 per share, with EPS estimates ranging from $1.36 to $1.42. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Kite Realty Group Trust.
Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Thursday, February 11th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Kite Realty Group Trust had a net margin of 2.15% and a return on equity of 0.47%.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 18th. TheStreet upgraded shares of Kite Realty Group Trust from a “d+” rating to a “c-” rating in a report on Wednesday, February 3rd. KeyCorp upgraded shares of Kite Realty Group Trust from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Wednesday, March 10th. Finally, Capital One Financial restated an “overweight” rating on shares of Kite Realty Group Trust in a research note on Monday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.67.
Shares of NYSE KRG traded up $0.33 during mid-day trading on Friday, hitting $20.37. The stock had a trading volume of 3,776 shares, compared to its average volume of 558,919. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.11 and a current ratio of 2.11. Kite Realty Group Trust has a 1 year low of $7.32 and a 1 year high of $21.46. The business has a 50 day moving average price of $19.93 and a two-hundred day moving average price of $16.09. The firm has a market cap of $1.72 billion, a P/E ratio of 286.29, a price-to-earnings-growth ratio of 10.08 and a beta of 1.39.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, April 7th. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.15. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 40.96%.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Kite Realty Group Trust by 3.0% in the fourth quarter. BlackRock Inc. now owns 14,784,890 shares of the real estate investment trust’s stock worth $221,181,000 after acquiring an additional 433,698 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Kite Realty Group Trust by 3.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,426,659 shares of the real estate investment trust’s stock valued at $66,223,000 after acquiring an additional 149,150 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kite Realty Group Trust by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,250,313 shares of the real estate investment trust’s stock valued at $18,705,000 after acquiring an additional 31,023 shares during the period. Clearbridge Investments LLC increased its position in shares of Kite Realty Group Trust by 3.0% in the fourth quarter. Clearbridge Investments LLC now owns 1,231,464 shares of the real estate investment trust’s stock valued at $18,423,000 after buying an additional 35,438 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $17,433,000. Hedge funds and other institutional investors own 88.97% of the company’s stock.
Kite Realty Group Trust Company Profile
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 retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.
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