Kite Realty Group Trust (KRG) Issues FY14 Earnings Guidance
Kite Realty Group Trust (NYSE:KRG) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $0.48-0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.50, Analyst Ratings.Net reports.
Shares of Kite Realty Group Trust (NYSE:KRG) traded up 0.16% on Thursday, hitting $6.21. 906,471 shares of the company’s stock traded hands. Kite Realty Group Trust has a 52 week low of $5.27 and a 52 week high of $6.87. The stock has a 50-day moving average of $5.98 and a 200-day moving average of $6.26. The company’s market cap is $812.8 million.
Kite Realty Group Trust (NYSE:KRG) last released its earnings data on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $42.60 million for the quarter, compared to the consensus estimate of $39.20 million. During the same quarter last year, the company posted $0.14 earnings per share. Kite Realty Group Trust’s revenue was up 37.4% compared to the same quarter last year. On average, analysts predict that Kite Realty Group Trust will post $0.51 earnings per share for the current fiscal year.
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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