DA Davidson Brokers Decrease Earnings Estimates for Kite Realty Group Trust (KRG)

Kite Realty Group Trust (NYSE:KRG) – Equities research analysts at DA Davidson lowered their Q3 2017 earnings estimates for shares of Kite Realty Group Trust in a report issued on Friday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will earn $0.50 per share for the quarter, down from their previous estimate of $0.51. DA Davidson also issued estimates for Kite Realty Group Trust’s Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $2.05 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.54 EPS and FY2018 earnings at $2.12 EPS.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The company had revenue of $92.65 million during the quarter, compared to the consensus estimate of $88.42 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “DA Davidson Brokers Decrease Earnings Estimates for Kite Realty Group Trust (KRG)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.com-unik.info/2017/08/19/da-davidson-brokers-decrease-earnings-estimates-for-kite-realty-group-trust-krg-updated-updated.html.

Several other research firms have also issued reports on KRG. BidaskClub upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Barclays PLC dropped their price objective on Kite Realty Group Trust from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Finally, ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.86.

Kite Realty Group Trust (KRG) opened at 20.53 on Monday. The firm has a market cap of $1.72 billion, a P/E ratio of 146.64 and a beta of 0.55. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $30.45. The stock’s 50 day moving average is $19.10 and its 200 day moving average is $20.83.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 5.89%. The ex-dividend date was Monday, July 3rd. Kite Realty Group Trust’s payout ratio is presently 864.29%.

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at approximately $389,000. Norges Bank acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at approximately $19,496,000. HighPoint Advisor Group LLC boosted its stake in shares of Kite Realty Group Trust by 2.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 13,528 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 292 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Kite Realty Group Trust by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 137,455 shares of the real estate investment trust’s stock valued at $3,227,000 after buying an additional 4,343 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Kite Realty Group Trust by 7.7% in the fourth quarter. Macquarie Group Ltd. now owns 1,000,985 shares of the real estate investment trust’s stock valued at $23,503,000 after buying an additional 71,699 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

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

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