Capital One Financial Comments on Kite Realty Group Trust’s Q1 2024 Earnings (NYSE:KRG)

Kite Realty Group Trust (NYSE:KRGGet Rating) – Investment analysts at Capital One Financial issued their Q1 2024 earnings estimates for Kite Realty Group Trust in a research report issued to clients and investors on Wednesday, May 25th. Capital One Financial analyst C. Lucas expects that the real estate investment trust will earn $0.45 per share for the quarter. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Kite Realty Group Trust’s FY2024 earnings at $1.87 EPS and FY2025 earnings at $1.97 EPS.

Other research analysts have also recently issued research reports about the company. StockNews.com started coverage on Kite Realty Group Trust in a research report on Thursday, March 31st. They set a “sell” rating on the stock. KeyCorp upped their price target on Kite Realty Group Trust from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 18th. Raymond James boosted their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Friday, March 11th. Finally, Zacks Investment Research lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $25.71.

Shares of NYSE KRG opened at $20.54 on Thursday. Kite Realty Group Trust has a one year low of $18.42 and a one year high of $23.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.16 and a quick ratio of 2.16. The business’s fifty day moving average price is $21.89 and its 200-day moving average price is $21.66. The stock has a market capitalization of $4.50 billion, a PE ratio of -30.21, a P/E/G ratio of 1.38 and a beta of 1.25.

Kite Realty Group Trust (NYSE:KRGGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.48). Kite Realty Group Trust had a negative return on equity of 4.77% and a negative net margin of 24.52%. During the same period in the previous year, the firm posted $0.34 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 8th will be paid a $0.21 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Thursday, July 7th. Kite Realty Group Trust’s dividend payout ratio is currently -117.65%.

A number of hedge funds and other institutional investors have recently made changes to their positions in KRG. BlackRock Inc. increased its stake in Kite Realty Group Trust by 109.9% in the 4th quarter. BlackRock Inc. now owns 30,549,057 shares of the real estate investment trust’s stock worth $665,358,000 after acquiring an additional 15,996,960 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Kite Realty Group Trust by 313.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,786,233 shares of the real estate investment trust’s stock valued at $322,044,000 after purchasing an additional 11,213,604 shares during the last quarter. State Street Corp increased its position in shares of Kite Realty Group Trust by 153.9% during the 4th quarter. State Street Corp now owns 11,479,726 shares of the real estate investment trust’s stock valued at $250,028,000 after purchasing an additional 6,958,610 shares during the last quarter. Deutsche Bank AG increased its position in shares of Kite Realty Group Trust by 7,126.2% during the 4th quarter. Deutsche Bank AG now owns 6,946,077 shares of the real estate investment trust’s stock valued at $151,284,000 after purchasing an additional 6,849,953 shares during the last quarter. Finally, Goodwin Daniel L bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at about $111,817,000. Institutional investors and hedge funds own 90.42% of the company’s stock.

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.

Further Reading

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

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