Kite Realty Group Trust to Post FY2020 Earnings of $1.55 Per Share, KeyCorp Forecasts (KRG)

Kite Realty Group Trust (NYSE:KRG) – KeyCorp issued their FY2020 earnings per share estimates for shares of Kite Realty Group Trust in a research note issued to investors on Tuesday, March 12th. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings of $1.55 per share for the year.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Tuesday, February 19th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Kite Realty Group Trust had a negative net margin of 13.15% and a negative return on equity of 3.15%. The company had revenue of $86.90 million for the quarter, compared to analyst estimates of $85.31 million. During the same period last year, the company posted $0.50 earnings per share. Kite Realty Group Trust’s revenue was down 2.2% compared to the same quarter last year.

Several other research firms also recently commented on KRG. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Bank of America downgraded shares of Kite Realty Group Trust from a “neutral” rating to an “underperform” rating in a research report on Monday, March 4th. TheStreet upgraded shares of Kite Realty Group Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, February 19th. ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Finally, Barclays downgraded 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 research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Kite Realty Group Trust presently has an average rating of “Hold” and an average target price of $16.13.

NYSE:KRG opened at $15.77 on Friday. Kite Realty Group Trust has a 12 month low of $13.66 and a 12 month high of $17.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $1.31 billion, a PE ratio of 7.89, a P/E/G ratio of 1.79 and a beta of 0.87.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Kite Realty Group Trust by 3.8% during the fourth quarter. BlackRock Inc. now owns 14,570,902 shares of the real estate investment trust’s stock worth $205,305,000 after purchasing an additional 527,076 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kite Realty Group Trust by 3.2% during the third quarter. Vanguard Group Inc. now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after purchasing an additional 408,882 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Kite Realty Group Trust by 3.2% during the third quarter. Vanguard Group Inc now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after purchasing an additional 408,882 shares in the last quarter. Macquarie Group Ltd. grew its stake in Kite Realty Group Trust by 10.1% during the 4th quarter. Macquarie Group Ltd. now owns 4,167,496 shares of the real estate investment trust’s stock valued at $58,720,000 after acquiring an additional 382,542 shares in the last quarter. Finally, Investment Counselors of Maryland LLC grew its stake in Kite Realty Group Trust by 2.0% during the 4th quarter. Investment Counselors of Maryland LLC now owns 1,675,870 shares of the real estate investment trust’s stock valued at $23,613,000 after acquiring an additional 32,171 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

In other news, CFO R Fear Heath acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was acquired at an average price of $15.79 per share, for a total transaction of $118,425.00. Following the completion of the transaction, the chief financial officer now owns 78,883 shares in the company, valued at approximately $1,245,562.57. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.93% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 22nd will be given a dividend of $0.3175 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.27 dividend on an annualized basis and a yield of 8.05%. Kite Realty Group Trust’s dividend payout ratio is presently 63.50%.

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

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