Kite Realty Group Trust (KRG) Forecasted to Post Q1 2020 Earnings of $0.39 Per Share

Kite Realty Group Trust (NYSE:KRG) – Investment analysts at KeyCorp issued their Q1 2020 earnings per share (EPS) estimates for shares of Kite Realty Group Trust in a report released on Friday, April 12th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will earn $0.39 per share for the quarter. KeyCorp also issued estimates for Kite Realty Group Trust’s Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.38 EPS and Q4 2020 earnings at $0.39 EPS.

KRG has been the topic of several other reports. Capital One Financial reissued an “overweight” rating on shares of Kite Realty Group Trust in a report on Wednesday, February 20th. Zacks Investment Research raised 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. Barclays lowered shares of Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $15.00 to $16.00 in a report on Monday, February 4th. Finally, ValuEngine raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.13.

KRG stock opened at $15.43 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current 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 stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.91 and a beta of 0.88.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.48 EPS for the quarter, beating the 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 firm had revenue of $86.90 million for the quarter, compared to analyst estimates of $85.31 million. During the same period last year, the firm earned $0.50 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Kite Realty Group Trust by 3.8% during the 4th quarter. BlackRock Inc. now owns 14,570,902 shares of the real estate investment trust’s stock worth $205,305,000 after acquiring an additional 527,076 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kite Realty Group Trust by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after acquiring an additional 408,882 shares during the last quarter. Vanguard Group Inc grew its holdings in Kite Realty Group Trust by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after acquiring an additional 408,882 shares during the last quarter. Macquarie Group Ltd. grew its holdings 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 worth $58,720,000 after acquiring an additional 382,542 shares during the last quarter. Finally, Investment Counselors of Maryland LLC grew its holdings 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 worth $23,613,000 after acquiring an additional 32,171 shares during the last quarter. 92.10% of the stock is currently owned by institutional investors.

In related news, CFO R Fear Heath purchased 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were bought at an average cost of $15.79 per share, with a total value of $118,425.00. Following the acquisition, the chief financial officer now owns 78,883 shares of the company’s stock, valued at approximately $1,245,562.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.07% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 22nd were issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend was Thursday, March 21st. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 63.50%.

About Kite Realty Group Trust

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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