Kite Realty Group Trust (KRG) to Release Earnings on Friday
Kite Realty Group Trust (NYSE:KRG) is set to release its Q313 earnings data on Friday, November 1st. Analysts expect Kite Realty Group Trust to post earnings of $0.11 per share and revenue of $29.66 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $30.90 million for the quarter, compared to the consensus estimate of $27.83 million. During the same quarter last year, the company posted $0.11 earnings per share. Kite Realty Group Trust’s revenue was up 23.1% compared to the same quarter last year. On average, analysts expect Kite Realty Group Trust to post $0.47 EPS for the current fiscal year and $0.50 EPS for the next fiscal year.
Kite Realty Group Trust (NYSE:KRG) opened at 6.42 on Thursday. Kite Realty Group Trust has a 52 week low of $4.48 and a 52 week high of $6.91. The stock has a 50-day moving average of $6.07 and a 200-day moving average of $6.07. The company’s market cap is $602.1 million.
KRG has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Kite Realty Group Trust in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. On a related note, analysts at Evercore Partners initiated coverage on shares of Kite Realty Group Trust in a research note to investors on Wednesday, August 14th. They set an “overweight” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Kite Realty Group Trust from $7.50 to $7.00 in a research note to investors on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $6.78.
Kite Realty Group Trust is a full-service, vertically integrated real estate company engaged in the development, construction, acquisition, ownership, and operation of neighborhood and community shopping centers in selected markets in the United States.
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