Kite Realty Group Trust Expected to Earn Q1 2018 Earnings of $0.50 Per Share (KRG)

Kite Realty Group Trust (NYSE:KRG) – Stock analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Kite Realty Group Trust in a research note issued on Tuesday. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings per share of $0.50 for the quarter. KeyCorp also issued estimates for Kite Realty Group Trust’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.02 EPS and FY2019 earnings at $2.07 EPS.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. The company had revenue of $88.90 million for the quarter, compared to analyst estimates of $89.14 million. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

Several other analysts have also commented on the stock. Citigroup lowered their price target on shares of Kite Realty Group Trust from $20.50 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. Capital One Financial upgraded shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating in a research report on Monday. DA Davidson lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Monday. Bank of America lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Finally, ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Kite Realty Group Trust presently has a consensus rating of “Hold” and an average target price of $20.33.

Kite Realty Group Trust (NYSE KRG) opened at $15.04 on Thursday. The firm has a market cap of $1,258.27, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. Kite Realty Group Trust has a 1 year low of $14.74 and a 1 year high of $24.38. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, January 5th were given a $0.3175 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.30. This represents a $1.27 annualized dividend and a dividend yield of 8.44%. Kite Realty Group Trust’s dividend payout ratio is currently 907.14%.

In other news, Director William E. Bindley acquired 100,000 shares of Kite Realty Group Trust stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $15.06 per share, with a total value of $1,506,000.00. Following the completion of the purchase, the director now owns 85,014 shares of the company’s stock, valued at approximately $1,280,310.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Thomas R. Olinger sold 3,157 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.01, for a total transaction of $60,014.57. The disclosure for this sale can be found here. Insiders sold 25,157 shares of company stock worth $497,645 over the last quarter. Company insiders own 1.87% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KRG. Schwab Charles Investment Management Inc. lifted its stake in shares of Kite Realty Group Trust by 55.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,218,437 shares of the real estate investment trust’s stock valued at $24,674,000 after buying an additional 436,465 shares during the period. Coronation Fund Managers Ltd. lifted its stake in shares of Kite Realty Group Trust by 132.9% during the fourth quarter. Coronation Fund Managers Ltd. now owns 651,208 shares of the real estate investment trust’s stock valued at $12,764,000 after buying an additional 371,590 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Kite Realty Group Trust by 10.9% during the third quarter. Macquarie Group Ltd. now owns 2,343,832 shares of the real estate investment trust’s stock valued at $47,463,000 after buying an additional 230,507 shares during the period. American Century Companies Inc. lifted its stake in shares of Kite Realty Group Trust by 13.7% during the fourth quarter. American Century Companies Inc. now owns 1,713,133 shares of the real estate investment trust’s stock valued at $33,577,000 after buying an additional 206,839 shares during the period. Finally, Investment Counselors of Maryland LLC lifted its stake in shares of Kite Realty Group Trust by 21.3% during the third quarter. Investment Counselors of Maryland LLC now owns 1,151,730 shares of the real estate investment trust’s stock valued at $23,323,000 after buying an additional 202,570 shares during the period. 94.65% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

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