Equities research analysts expect Kite Realty Group Trust (NYSE:KRG) to post sales of $88.78 million for the current quarter, Zacks reports. Four analysts have made estimates for Kite Realty Group Trust’s earnings, with the highest sales estimate coming in at $90.36 million and the lowest estimate coming in at $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 0.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Kite Realty Group Trust will report full-year sales of $88.78 million for the current financial year, with estimates ranging from $359.57 million to $362.11 million. For the next fiscal year, analysts forecast that the company will report sales of $369.42 million per share, with estimates ranging from $365.00 million to $375.01 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Kite Realty Group Trust.

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

KRG has been the subject of several analyst reports. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. BidaskClub upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Friday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and set a $23.00 price target on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.33.

Shares of Kite Realty Group Trust (NYSE:KRG) opened at 19.60 on Friday. Kite Realty Group Trust has a 52 week low of $17.60 and a 52 week high of $28.95. The firm has a 50-day moving average of $20.41 and a 200 day moving average of $20.00. The firm has a market capitalization of $1.64 billion, a P/E ratio of 140.00 and a beta of 0.57.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 6th will be issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Thursday, October 5th. Kite Realty Group Trust’s payout ratio is 864.29%.

Several institutional investors have recently modified their holdings of KRG. BlackRock Inc. boosted its holdings in shares of Kite Realty Group Trust by 9,657.3% in the 1st quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock valued at $265,241,000 after buying an additional 12,210,338 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Kite Realty Group Trust by 415.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,411,740 shares of the real estate investment trust’s stock valued at $73,352,000 after buying an additional 2,750,414 shares in the last quarter. Sorin Capital Management LLC acquired a new position in shares of Kite Realty Group Trust in the 2nd quarter valued at $16,845,000. Macquarie Group Ltd. boosted its holdings in shares of Kite Realty Group Trust by 51.5% in the 2nd quarter. Macquarie Group Ltd. now owns 2,113,325 shares of the real estate investment trust’s stock valued at $40,006,000 after buying an additional 718,197 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Kite Realty Group Trust in the 2nd quarter valued at $13,282,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

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About Kite Realty Group Trust

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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