Kite Realty Group Trust (NYSE:KRG) – Research analysts at DA Davidson dropped their Q2 2018 earnings per share (EPS) estimates for shares of Kite Realty Group Trust in a research note issued to investors on Monday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.53. DA Davidson also issued estimates for Kite Realty Group Trust’s FY2018 earnings at $2.10 EPS.

A number of other equities analysts also recently commented on the stock. Capital One Financial Corporation restated an “equal weight” rating on shares of Kite Realty Group Trust in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Finally, Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.33.

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Kite Realty Group Trust (NYSE:KRG) traded down 1.296% during mid-day trading on Tuesday, reaching $18.655. 642,250 shares of the company traded hands. The firm’s 50-day moving average is $20.04 and its 200 day moving average is $19.76. The stock has a market capitalization of $1.56 billion, a PE ratio of 133.250 and a beta of 0.57. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $25.44.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The firm had revenue of $87.10 million during the quarter, compared to the consensus estimate of $88.16 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Kite Realty Group Trust’s revenue for the quarter was down 2.2% on a year-over-year basis.

The firm also recently declared 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 of this dividend was Thursday, October 5th. This represents a $1.21 annualized dividend and a dividend yield of 6.40%. Kite Realty Group Trust’s payout ratio is presently 806.67%.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Kite Realty Group Trust by 11.5% in the 2nd quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 557 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Kite Realty Group Trust by 64.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,727 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 2,627 shares during the period. First Mercantile Trust Co. lifted its position in shares of Kite Realty Group Trust by 14.4% in the 2nd quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 850 shares during the period. Perigon Wealth Management LLC lifted its position in shares of Kite Realty Group Trust by 58.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,500 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of Kite Realty Group Trust by 17.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,525 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,100 shares during the period. 95.62% of the stock is owned by hedge funds and other 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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