Wall Street brokerages predict that Kite Realty Group Trust (NYSE:KRG) will announce $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Kite Realty Group Trust’s earnings, with estimates ranging from $0.47 to $0.48. Kite Realty Group Trust posted earnings of $0.50 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The business is expected to announce its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Kite Realty Group Trust will report full year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.99 to $2.01. For the next year, analysts expect that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.84 to $2.03. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Kite Realty Group Trust.

Several equities research analysts have recently commented on KRG shares. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Robert W. Baird downgraded Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Wednesday, October 24th. Finally, Citigroup upped their target price on Kite Realty Group Trust from $16.50 to $17.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.83.

Shares of NYSE KRG traded down $0.16 during mid-day trading on Monday, hitting $16.25. 358,737 shares of the company traded hands, compared to its average volume of 523,846. Kite Realty Group Trust has a 1 year low of $13.87 and a 1 year high of $20.24. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.89 and a beta of 0.50. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.07.

The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, October 5th were issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.82%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 4th. Kite Realty Group Trust’s dividend payout ratio is currently 62.25%.

In other news, CEO John A. Kite sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $17.42, for a total transaction of $609,700.00. Following the completion of the sale, the chief executive officer now directly owns 68,588 shares of the company’s stock, valued at $1,194,802.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.93% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Kite Realty Group Trust by 5.9% in the second quarter. BlackRock Inc. now owns 14,408,782 shares of the real estate investment trust’s stock valued at $246,103,000 after purchasing an additional 799,164 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Kite Realty Group Trust by 10.9% during the second quarter. Macquarie Group Ltd. now owns 2,996,146 shares of the real estate investment trust’s stock valued at $51,175,000 after buying an additional 294,999 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Kite Realty Group Trust by 29.2% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,471,630 shares of the real estate investment trust’s stock valued at $42,215,000 after buying an additional 558,212 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Kite Realty Group Trust by 0.7% during the third quarter. Victory Capital Management Inc. now owns 2,096,459 shares of the real estate investment trust’s stock valued at $34,906,000 after buying an additional 13,969 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Kite Realty Group Trust by 0.9% during the second quarter. American Century Companies Inc. now owns 1,808,342 shares of the real estate investment trust’s stock valued at $30,886,000 after buying an additional 16,440 shares during the last quarter. 90.85% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of open-air shopping centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.

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

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