Wall Street brokerages forecast that Kite Realty Group Trust (NYSE:KRG) will post sales of $88.87 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kite Realty Group Trust’s earnings. The highest sales estimate is $90.36 million and the lowest is $87.61 million. Kite Realty Group Trust posted sales of $89.12 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The firm is scheduled to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Kite Realty Group Trust will report full year sales of $88.87 million for the current financial year, with estimates ranging from $356.30 million to $362.11 million. For the next fiscal year, analysts anticipate that the company will post sales of $369.37 million per share, with estimates ranging from $366.66 million to $375.01 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a return on equity of 0.73% and a net margin of 3.29%. The firm had revenue of $92.65 million during the quarter, compared to the consensus estimate of $88.42 million. During the same period last year, the business posted $0.52 EPS. The business’s revenue was up 5.8% compared to the same quarter last year.

Several brokerages have recently commented on KRG. ValuEngine downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Barclays PLC reduced their price target on shares of Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Finally, BidaskClub upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.86.

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Shares of Kite Realty Group Trust (NYSE KRG) opened at 20.35 on Thursday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 145.36 and a beta of 0.57. The firm’s 50-day moving average price is $19.81 and its 200-day moving average price is $20.53. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $29.62.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, October 6th will be given a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.21 dividend on an annualized basis and a yield of 5.95%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 864.29%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in shares of Kite Realty Group Trust by 7.7% in the first quarter. Wells Fargo & Company MN now owns 62,806 shares of the real estate investment trust’s stock worth $1,350,000 after buying an additional 4,466 shares during the period. Real Estate Management Services LLC increased its position in shares of Kite Realty Group Trust by 3.2% in the first quarter. Real Estate Management Services LLC now owns 1,357,198 shares of the real estate investment trust’s stock worth $29,180,000 after buying an additional 42,200 shares during the period. Russell Investments Group Ltd. increased its position in shares of Kite Realty Group Trust by 597.9% in the first quarter. Russell Investments Group Ltd. now owns 117,861 shares of the real estate investment trust’s stock worth $2,534,000 after buying an additional 100,972 shares during the period. Shell Asset Management Co. bought a new position in shares of Kite Realty Group Trust during the first quarter worth $1,096,000. Finally, Glen Harbor Capital Management LLC increased its position 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 worth $100,000 after buying an additional 728 shares during the period. Institutional investors own 94.19% of the company’s stock.

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.

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

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