Kite Realty Group Trust (NYSE:KRG) Announces Quarterly Dividend of $0.29

Kite Realty Group Trust (NYSE:KRG) announced a quarterly dividend on Monday, April 27th. Investors of record on Thursday, July 9th will be given a dividend of 0.29 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 9th.

Kite Realty Group Trust has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. Kite Realty Group Trust has a dividend payout ratio of 313.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kite Realty Group Trust to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 53.2%.

Kite Realty Group Trust Trading Down 0.3%

Kite Realty Group Trust stock traded down $0.08 during midday trading on Wednesday, reaching $26.07. The stock had a trading volume of 2,760,466 shares, compared to its average volume of 1,905,017. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $26.82. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 4.73 and a beta of 0.88. The company has a fifty day moving average of $25.47 and a 200 day moving average of $24.02.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Kite Realty Group Trust had a return on equity of 9.30% and a net margin of 35.34%.The firm had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $199.26 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, analysts anticipate that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.