Kite Realty Group Trust (NYSE:KRG) – Stock analysts at Capital One Financial Corporation raised their Q1 2018 earnings per share estimates for shares of Kite Realty Group Trust in a research report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will earn $0.51 per share for the quarter, up from their prior estimate of $0.50. Capital One Financial Corporation also issued estimates for Kite Realty Group Trust’s Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.11 EPS.

Several other research firms have also weighed in on KRG. BidaskClub upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Barclays PLC lowered their price objective on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. Finally, ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.86.

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Kite Realty Group Trust (KRG) traded up 6.28% during midday trading on Thursday, reaching $21.49. 311,486 shares of the company’s stock were exchanged. The company’s market cap is $1.80 billion. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $30.45. The firm has a 50-day moving average price of $18.96 and a 200 day moving average price of $20.85.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a net margin of 0.05% and a return on equity of 0.01%. The company had revenue of $92.65 million during the quarter, compared to analysts’ expectations of $88.42 million. During the same period in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, July 6th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend was Monday, July 3rd.

Several hedge funds have recently made changes to their positions in KRG. Glen Harbor Capital Management LLC increased its stake in shares of Kite Realty Group Trust by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 4,648 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 728 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Kite Realty Group Trust by 25.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,078 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,039 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of Kite Realty Group Trust by 18.6% in the first quarter. Elkfork Partners LLC now owns 5,644 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 884 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Kite Realty Group Trust by 30.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,425 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 1,500 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Kite Realty Group Trust during the first quarter valued at approximately $154,000. 93.25% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

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

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