Kite Realty Group Trust (NYSE:KRG) – Equities research analysts at Capital One Financial Corporation lowered their Q3 2017 EPS estimates for Kite Realty Group Trust in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation analyst C. Lucas now expects that the real estate investment trust will earn $0.48 per share for the quarter, down from their previous estimate of $0.49. Capital One Financial Corporation currently has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Kite Realty Group Trust’s 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.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS.

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Several other research firms also recently commented on KRG. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued 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.

Kite Realty Group Trust (NYSE:KRG) opened at 19.33 on Wednesday. Kite Realty Group Trust has a 12-month low of $17.60 and a 12-month high of $26.11. The company has a market capitalization of $1.62 billion, a P/E ratio of 138.07 and a beta of 0.57. The stock’s 50 day moving average is $20.19 and its 200-day moving average is $19.83.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, October 6th were given a $0.3025 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 6.26%. Kite Realty Group Trust’s payout ratio is presently 864.29%.

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

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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