$0.43 EPS Expected for Kite Realty Group Trust (NYSE:KRG) This Quarter

Analysts expect Kite Realty Group Trust (NYSE:KRGGet Rating) to post $0.43 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kite Realty Group Trust’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.42. Kite Realty Group Trust posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 26.5%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Kite Realty Group Trust will report full-year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.73. For the next financial year, analysts forecast that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.78 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRGGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.48). Kite Realty Group Trust had a negative return on equity of 4.27% and a negative net margin of 21.65%. During the same period in the prior year, the firm posted $0.34 earnings per share.

A number of analysts have weighed in on the company. StockNews.com began coverage on Kite Realty Group Trust in a report on Thursday, March 31st. They set a “sell” rating for the company. Zacks Investment Research upgraded Kite Realty Group Trust from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, April 12th. Robert W. Baird upgraded Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Thursday, January 13th. Raymond James raised their target price on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 11th. Finally, KeyCorp raised their target price on Kite Realty Group Trust from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 18th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Buy” and a consensus target price of $25.71.

A number of hedge funds have recently bought and sold shares of KRG. Accel Wealth Management acquired a new stake in Kite Realty Group Trust in the 4th quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Kite Realty Group Trust in the 1st quarter worth about $33,000. EverSource Wealth Advisors LLC acquired a new stake in Kite Realty Group Trust in the 4th quarter worth about $36,000. Capital Analysts LLC acquired a new stake in Kite Realty Group Trust in the 3rd quarter worth about $39,000. Finally, Quadrant Capital Group LLC lifted its stake in Kite Realty Group Trust by 2,050.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,129 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors own 54.37% of the company’s stock.

Kite Realty Group Trust stock opened at $22.30 on Wednesday. The business has a fifty day moving average of $22.29 and a two-hundred day moving average of $21.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 1.55. Kite Realty Group Trust has a twelve month low of $18.42 and a twelve month high of $23.35.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, April 7th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. Kite Realty Group Trust’s dividend payout ratio (DPR) is -117.65%.

About Kite Realty Group Trust (Get Rating)

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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