Kite Realty Group Trust (NYSE:KRG) Expected to Announce Earnings of $0.38 Per Share

Equities analysts predict that Kite Realty Group Trust (NYSE:KRG) will report $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kite Realty Group Trust’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.39. Kite Realty Group Trust posted earnings of $0.48 per share during the same quarter last year, which suggests a negative year over year growth rate of 20.8%. The firm is scheduled to report its next earnings report on Tuesday, February 18th.

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On average, analysts expect that Kite Realty Group Trust will report full year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.65. For the next financial year, analysts forecast that the company will post earnings of $1.55 per share, with EPS estimates ranging from $1.50 to $1.59. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Kite Realty Group Trust had a negative net margin of 14.39% and a negative return on equity of 3.40%. The company had revenue of $74.94 million for the quarter, compared to analyst estimates of $76.16 million. During the same period last year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was down 12.6% on a year-over-year basis.

Several research analysts recently commented on KRG shares. DA Davidson reissued a “neutral” rating on shares of Kite Realty Group Trust in a research report on Monday, July 29th. Barclays set a $16.00 price target on Kite Realty Group Trust and gave the company a “hold” rating in a research report on Friday, October 11th. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. ValuEngine raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Compass Point raised Kite Realty Group Trust from a “sell” rating to a “neutral” rating and increased their price target for the company from $13.50 to $14.50 in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Kite Realty Group Trust currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Shares of NYSE KRG opened at $18.00 on Wednesday. The stock has a 50 day moving average price of $16.79 and a 200 day moving average price of $15.80. Kite Realty Group Trust has a 52 week low of $13.66 and a 52 week high of $18.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $1.53 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84.

In other Kite Realty Group Trust news, CEO John A. Kite sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $15.85, for a total value of $269,450.00. Following the sale, the chief executive officer now owns 30,610 shares in the company, valued at $485,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.07% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in Kite Realty Group Trust by 46.1% in the third quarter. First Trust Advisors LP now owns 104,741 shares of the real estate investment trust’s stock valued at $1,692,000 after buying an additional 33,041 shares during the period. Russell Investments Group Ltd. raised its stake in Kite Realty Group Trust by 34.7% in the third quarter. Russell Investments Group Ltd. now owns 9,458 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 2,438 shares during the period. California Public Employees Retirement System raised its stake in Kite Realty Group Trust by 13.3% in the third quarter. California Public Employees Retirement System now owns 153,537 shares of the real estate investment trust’s stock valued at $2,480,000 after buying an additional 17,976 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Kite Realty Group Trust by 19.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 117,395 shares of the real estate investment trust’s stock worth $1,896,000 after purchasing an additional 19,017 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of Kite Realty Group Trust by 6.3% during the third quarter. State of Tennessee Treasury Department now owns 60,210 shares of the real estate investment trust’s stock worth $973,000 after purchasing an additional 3,564 shares during the period. Hedge funds and other institutional investors own 90.32% of the company’s stock.

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 neighborhood, community, and lifestyle centers.

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

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