Kite Realty Group Trust (NYSE:KRG) – Research analysts at KeyCorp issued their Q1 2019 earnings estimates for shares of Kite Realty Group Trust in a research note issued to investors on Tuesday, March 12th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will earn $0.43 per share for the quarter. KeyCorp also issued estimates for Kite Realty Group Trust’s Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.67 EPS.
Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $86.90 million for the quarter, compared to analyst estimates of $85.31 million. Kite Realty Group Trust had a negative net margin of 13.15% and a negative return on equity of 3.15%. Kite Realty Group Trust’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share.
KRG has been the topic of several other research reports. Capital One Financial restated an “overweight” rating on shares of Kite Realty Group Trust in a report on Wednesday, February 20th. Citigroup dropped their target price on shares of Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Raymond James lowered shares of Kite Realty Group Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 26th. Finally, Barclays lowered shares of Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $15.00 to $16.00 in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.13.
KRG stock opened at $15.70 on Thursday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 7.85, a PEG ratio of 1.79 and a beta of 0.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Kite Realty Group Trust has a 12-month low of $13.66 and a 12-month high of $17.75.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.3175 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.27 annualized dividend and a dividend yield of 8.09%. Kite Realty Group Trust’s dividend payout ratio is currently 63.50%.
In related news, CFO R Fear Heath acquired 7,500 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were purchased at an average price of $15.79 per share, for a total transaction of $118,425.00. Following the completion of the acquisition, the chief financial officer now owns 78,883 shares of the company’s stock, valued at $1,245,562.57. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.93% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund acquired a new position in shares of Kite Realty Group Trust during the fourth quarter valued at about $32,000. Pearl River Capital LLC bought a new stake in shares of Kite Realty Group Trust during the fourth quarter worth about $37,000. Quantamental Technologies LLC bought a new stake in shares of Kite Realty Group Trust during the fourth quarter worth about $84,000. Meeder Asset Management Inc. increased its position in shares of Kite Realty Group Trust by 244.7% during the third quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 5,766 shares in the last quarter. Finally, Advisory Resource Group bought a new stake in shares of Kite Realty Group Trust during the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 92.05% 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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