Kite Realty Group Trust (NYSE:KRG) Expected to Post Earnings of $0.32 Per Share

Equities analysts predict that Kite Realty Group Trust (NYSE:KRG) will report earnings of $0.32 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Kite Realty Group Trust’s earnings, with estimates ranging from $0.29 to $0.33. Kite Realty Group Trust reported earnings per share of $0.39 during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.9%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, October 28th.

According to Zacks, analysts expect that Kite Realty Group Trust will report full year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.34. For the next fiscal year, analysts forecast that the business will post earnings of $1.35 per share, with EPS estimates ranging from $1.23 to $1.46. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.35). Kite Realty Group Trust had a negative net margin of 3.27% and a negative return on equity of 0.73%.

A number of equities analysts recently weighed in on KRG shares. DA Davidson reissued a “neutral” rating on shares of Kite Realty Group Trust in a report on Monday, August 10th. Raymond James restated a “hold” rating on shares of Kite Realty Group Trust in a research report on Thursday, August 13th. Citigroup upped their price objective on shares of Kite Realty Group Trust from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Zacks Investment Research cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 18th. Finally, ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.83.

Several large investors have recently added to or reduced their stakes in KRG. Skandinaviska Enskilda Banken AB publ boosted its position in Kite Realty Group Trust by 2.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 53,600 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 1,400 shares during the last quarter. American International Group Inc. boosted its position in Kite Realty Group Trust by 3.0% in the second quarter. American International Group Inc. now owns 58,850 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 1,739 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kite Realty Group Trust by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,629 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 1,849 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Kite Realty Group Trust by 429.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,347 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,904 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its position in shares of Kite Realty Group Trust by 4.4% during the 1st quarter. State of Tennessee Treasury Department now owns 53,962 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 2,281 shares in the last quarter. 92.18% of the stock is owned by hedge funds and other institutional investors.

Shares of KRG stock opened at $11.29 on Tuesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $950.80 million, a PE ratio of -94.08, a price-to-earnings-growth ratio of 7.59 and a beta of 1.16. The firm has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $10.61. Kite Realty Group Trust has a 12 month low of $6.87 and a 12 month high of $19.77.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.05. Kite Realty Group Trust’s dividend payout ratio is 19.28%.

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

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