Kite Realty Group Trust (NYSE:KRG)‘s stock had its “equal weight” rating reaffirmed by analysts at Capital One Financial Corporation in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation also issued estimates for Kite Realty Group Trust’s Q3 2017 earnings at $0.48 EPS, Q4 2017 earnings at $0.50 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.52 EPS, FY2018 earnings at $2.08 EPS and FY2019 earnings at $2.22 EPS.

KRG has been the topic of a number of other research reports. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. Finally, Zacks Investment Research raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Kite Realty Group Trust presently has a consensus rating of “Buy” and an average target price of $25.33.

Shares of Kite Realty Group Trust (KRG) opened at 19.33 on Tuesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 138.07 and a beta of 0.57. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $26.11. The company’s 50-day moving average price is $20.19 and its 200-day moving average price is $19.83.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $92.65 million for the quarter, compared to analysts’ expectations of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts forecast that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Kite Realty Group Trust by 2.6% during the first quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock worth $293,034,000 after purchasing an additional 346,198 shares during the period. BlackRock Inc. lifted its holdings in shares of Kite Realty Group Trust by 9,657.3% during the first quarter. BlackRock Inc. now owns 12,336,774 shares of the real estate investment trust’s stock worth $265,241,000 after purchasing an additional 12,210,338 shares during the period. State Street Corp lifted its holdings in shares of Kite Realty Group Trust by 1.7% during the second quarter. State Street Corp now owns 3,348,017 shares of the real estate investment trust’s stock worth $63,381,000 after purchasing an additional 57,564 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Kite Realty Group Trust by 51.5% during the second quarter. Macquarie Group Ltd. now owns 2,113,325 shares of the real estate investment trust’s stock worth $40,006,000 after purchasing an additional 718,197 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Kite Realty Group Trust by 4.4% during the second quarter. Northern Trust Corp now owns 1,767,415 shares of the real estate investment trust’s stock worth $33,456,000 after purchasing an additional 75,025 shares during the period. Institutional investors own 95.75% of the company’s stock.

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.

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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