Kite Realty Group Trust (KRG) to Release Earnings on Tuesday

Kite Realty Group Trust (NYSE:KRG) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Kite Realty Group Trust to post earnings of $0.50 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Kite Realty Group Trust Trading Up 2.2 %

Shares of KRG stock opened at $21.35 on Tuesday. The firm’s 50-day simple moving average is $21.01 and its 200-day simple moving average is $21.37. The firm has a market cap of $4.69 billion, a P/E ratio of 97.05, a PEG ratio of 3.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76. Kite Realty Group Trust has a 1-year low of $19.16 and a 1-year high of $24.26.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 454.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Jefferies Financial Group raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.50.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.