Wall Street analysts expect Kite Realty Group Trust (NYSE:KRG) to announce $83.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Kite Realty Group Trust’s earnings, with estimates ranging from $80.11 million to $84.88 million. Kite Realty Group Trust reported sales of $89.76 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, May 6th.

On average, analysts expect that Kite Realty Group Trust will report full year sales of $323.47 million for the current fiscal year, with estimates ranging from $301.51 million to $340.62 million. For the next fiscal year, analysts forecast that the firm will post sales of $312.44 million, with estimates ranging from $284.25 million to $347.56 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Tuesday, February 19th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $86.90 million during the quarter, compared to the consensus estimate of $85.31 million. Kite Realty Group Trust had a negative return on equity of 3.15% and a negative net margin of 13.15%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS.

A number of research analysts recently commented on the company. Bank of America downgraded Kite Realty Group Trust from a “neutral” rating to an “underperform” rating in a research note on Monday, March 4th. Raymond James downgraded Kite Realty Group Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 26th. Capital One Financial restated an “overweight” rating on shares of Kite Realty Group Trust in a research note on Wednesday, February 20th. TheStreet upgraded Kite Realty Group Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, February 19th. Finally, ValuEngine upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.13.

KRG traded up $0.10 during trading on Wednesday, reaching $15.64. 351,587 shares of the company were exchanged, compared to its average volume of 526,377. The company has a market cap of $1.31 billion, a P/E ratio of 7.82, a PEG ratio of 1.90 and a beta of 0.88. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Kite Realty Group Trust has a 52 week low of $13.66 and a 52 week high of $17.75.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 22nd were paid a $0.3175 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.27 annualized dividend and a dividend yield of 8.12%. Kite Realty Group Trust’s payout ratio is 63.50%.

In other Kite Realty Group Trust news, CFO R Fear Heath purchased 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was bought at an average price of $15.79 per share, with a total value of $118,425.00. Following the completion of the purchase, the chief financial officer now owns 78,883 shares in the company, valued at approximately $1,245,562.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.07% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in Kite Realty Group Trust by 53.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 52,610 shares of the real estate investment trust’s stock worth $841,000 after purchasing an additional 18,310 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Kite Realty Group Trust by 2,850.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,157 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 3,050 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kite Realty Group Trust by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 1,145,816 shares of the real estate investment trust’s stock valued at $16,144,000 after acquiring an additional 106,004 shares during the last quarter. Norges Bank acquired a new position in shares of Kite Realty Group Trust during the 4th quarter valued at about $16,934,000. Finally, Macquarie Group Ltd. increased its holdings in shares of Kite Realty Group Trust by 10.1% during the 4th quarter. Macquarie Group Ltd. now owns 4,167,496 shares of the real estate investment trust’s stock valued at $58,720,000 after acquiring an additional 382,542 shares during the last quarter. 92.10% of the stock is owned by institutional investors.

About Kite Realty Group Trust

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 neighborhood, community, and lifestyle centers.

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

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