Brokerages expect Kite Realty Group Trust (NYSE:KRG) to post sales of $88.95 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Kite Realty Group Trust’s earnings. The highest sales estimate is $90.41 million and the lowest is $88.02 million. Kite Realty Group Trust posted sales of $88.87 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Kite Realty Group Trust will report full-year sales of $88.95 million for the current financial year, with estimates ranging from $357.79 million to $361.00 million. For the next financial year, analysts expect that the company will report sales of $366.17 million per share, with estimates ranging from $357.86 million to $369.74 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kite Realty Group Trust.

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

Several research firms have weighed in on KRG. Capital One Financial Corporation reissued an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. 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. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. ValuEngine raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.33.

Several hedge funds have recently added to or reduced their stakes in KRG. OppenheimerFunds Inc. boosted its holdings in shares of Kite Realty Group Trust by 45.9% in the 1st quarter. OppenheimerFunds Inc. now owns 13,871 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 4,366 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Kite Realty Group Trust by 17.7% in the 1st quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock valued at $3,478,000 after acquiring an additional 24,319 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Kite Realty Group Trust by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,160,603 shares of the real estate investment trust’s stock valued at $24,953,000 after purchasing an additional 52,057 shares during the period. Aperio Group LLC lifted its stake in shares of Kite Realty Group Trust by 19.1% in the 2nd quarter. Aperio Group LLC now owns 26,573 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 4,264 shares during the period. Finally, Peregrine Capital Management LLC lifted its stake in shares of Kite Realty Group Trust by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 396,887 shares of the real estate investment trust’s stock valued at $7,513,000 after purchasing an additional 7,941 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust (NYSE:KRG) traded down $0.14 during trading hours on Tuesday, reaching $19.11. 692,800 shares of the company’s stock traded hands, compared to its average volume of 738,304. The stock has a market cap of $1,600.00, a P/E ratio of 9.44, a PEG ratio of 2.01 and a beta of 0.61. Kite Realty Group Trust has a 12 month low of $17.60 and a 12 month high of $25.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.84 and a current ratio of 0.84.

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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.

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

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