$0.42 Earnings Per Share Expected for Kite Realty Group Trust (NYSE:KRG) This Quarter

Brokerages expect that Kite Realty Group Trust (NYSE:KRG – Get Rating) will report $0.42 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Kite Realty Group Trust’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.43. Kite Realty Group Trust reported earnings per share of $0.34 during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Kite Realty Group Trust will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.71 to $1.73. For the next fiscal year, analysts forecast that the company will report earnings of $1.81 per share, with EPS estimates ranging from $1.78 to $1.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG – Get Rating) last issued its earnings results on Sunday, February 13th. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.51). Kite Realty Group Trust had a negative return on equity of 4.27% and a negative net margin of 21.65%. During the same quarter in the prior year, the company posted $0.33 earnings per share.

Several research analysts have commented on the stock. Raymond James increased their price objective on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “strong-buy” rating in a report on Friday, March 11th. KeyCorp increased their price objective on shares of Kite Realty Group Trust from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 18th. Robert W. Baird raised shares of Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Thursday, January 13th. Zacks Investment Research raised shares of Kite Realty Group Trust from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, April 12th. Finally, StockNews.com started coverage on shares of Kite Realty Group Trust in a report on Thursday, March 31st. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Kite Realty Group Trust currently has an average rating of “Buy” and an average price target of $25.71.

A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in Kite Realty Group Trust by 15.6% in the 3rd quarter. Van ECK Associates Corp now owns 3,889 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 525 shares during the period. Pendal Group Ltd raised its position in Kite Realty Group Trust by 1.3% in the 3rd quarter. Pendal Group Ltd now owns 48,100 shares of the real estate investment trust’s stock worth $979,000 after purchasing an additional 600 shares during the period. Swiss National Bank raised its position in Kite Realty Group Trust by 0.5% in the 3rd quarter. Swiss National Bank now owns 186,700 shares of the real estate investment trust’s stock worth $3,801,000 after purchasing an additional 900 shares during the period. CWM LLC raised its position in Kite Realty Group Trust by 20.0% in the 1st quarter. CWM LLC now owns 5,529 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 920 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Kite Realty Group Trust by 2.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 57,400 shares of the real estate investment trust’s stock worth $1,306,000 after purchasing an additional 1,100 shares during the period. 54.37% of the stock is currently owned by institutional investors.

Shares of Kite Realty Group Trust stock opened at $22.12 on Wednesday. The company has a fifty day moving average of $22.26 and a 200 day moving average of $21.72. Kite Realty Group Trust has a fifty-two week low of $18.42 and a fifty-two week high of $23.35. The company has a market capitalization of $4.84 billion, a P/E ratio of -71.35, a P/E/G ratio of 1.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 1.55.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 8th were given a $0.20 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, April 7th. Kite Realty Group Trust’s dividend payout ratio is -258.06%.

Kite Realty Group Trust Company Profile (Get Rating)

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 retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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