Kite Realty Group Trust (NYSE:KRG) Issues FY 2022 Earnings Guidance

Kite Realty Group Trust (NYSE:KRGGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.74-$1.80 for the period. The company issued revenue guidance of -.

NYSE:KRG opened at $20.89 on Tuesday. Kite Realty Group Trust has a 1 year low of $18.42 and a 1 year high of $23.35. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of -30.72, a PEG ratio of 1.46 and a beta of 1.25. The stock has a 50-day moving average price of $22.29 and a two-hundred day moving average price of $21.74.

Kite Realty Group Trust (NYSE:KRGGet Rating) last posted its earnings results on Thursday, April 28th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.48). Kite Realty Group Trust had a negative net margin of 24.52% and a negative return on equity of 4.77%. During the same period last year, the firm earned $0.34 earnings per share. Sell-side analysts forecast that Kite Realty Group Trust will post 1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.83%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 7th. Kite Realty Group Trust’s payout ratio is presently -117.65%.

KRG has been the subject of several recent research reports. Raymond James upped their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a strong-buy rating in a research report on Friday, March 11th. KeyCorp upped their price objective on Kite Realty Group Trust from $23.00 to $25.00 and gave the stock an overweight rating in a research report on Friday, February 18th. Robert W. Baird raised Kite Realty Group Trust from a neutral rating to an outperform rating and upped their price objective for the stock from $21.00 to $24.00 in a research report on Thursday, January 13th. Zacks Investment Research raised 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 research report on Tuesday, April 12th. Finally, StockNews.com initiated coverage on Kite Realty Group Trust in a research report on Thursday, March 31st. They set a sell rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of Buy and a consensus target price of $25.71.

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in Kite Realty Group Trust by 3.1% in the third quarter. LPL Financial LLC now owns 47,295 shares of the real estate investment trust’s stock valued at $963,000 after buying an additional 1,408 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Kite Realty Group Trust by 2.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 134,113 shares of the real estate investment trust’s stock valued at $2,921,000 after buying an additional 3,136 shares during the period. Neo Ivy Capital Management bought a new stake in Kite Realty Group Trust in the fourth quarter valued at approximately $79,000. Royal Bank of Canada raised its stake in Kite Realty Group Trust by 84.7% in the third quarter. Royal Bank of Canada now owns 11,495 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 5,272 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Kite Realty Group Trust by 93.5% in the fourth quarter. Mackenzie Financial Corp now owns 26,055 shares of the real estate investment trust’s stock valued at $567,000 after buying an additional 12,591 shares during the period. 90.42% of the stock is owned by hedge funds and other institutional investors.

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

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