Kite Realty Group Trust (KRG) to Release Earnings on Thursday
Kite Realty Group Trust (NYSE:KRG) will release its earnings data after the market closes on Thursday, October 26th. Analysts expect Kite Realty Group Trust to post earnings of $0.49 per share for the quarter.
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 3.29% and a return on equity of 0.73%. The business had revenue of $92.65 million for the quarter, compared to analyst estimates of $88.42 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, analysts expect Kite Realty Group Trust to post $2.05 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Shares of Kite Realty Group Trust (KRG) opened at 20.09 on Thursday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 143.50 and a beta of 0.57. The stock’s 50 day moving average is $20.25 and its 200-day moving average is $19.87. Kite Realty Group Trust has a 12-month low of $17.60 and a 12-month high of $26.59.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, October 6th were given a $0.3025 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 6.02%. Kite Realty Group Trust’s dividend payout ratio is 864.29%.
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A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price target on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. BidaskClub upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.33.
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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