Kite Realty Group Trust (NYSE:KRG) Releases FY 2024 Earnings Guidance

Kite Realty Group Trust (NYSE:KRG) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.020-2.080 for the period, compared to the consensus estimate of 2.020. The company issued revenue guidance of -. Kite Realty Group Trust also updated its FY24 guidance to $2.02-2.08 EPS.

Kite Realty Group Trust Trading Up 0.6 %

NYSE:KRG traded up $0.13 on Tuesday, reaching $21.83. 2,375,909 shares of the company’s stock were exchanged, compared to its average volume of 1,878,202. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 99.46, a price-to-earnings-growth ratio of 3.06 and a beta of 1.29. The business has a fifty day moving average of $21.02 and a 200-day moving average of $21.40. Kite Realty Group Trust has a 52-week low of $19.16 and a 52-week 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. Shareholders of record on Friday, April 5th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 454.57%.

Analyst Ratings Changes

KRG has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Thursday, April 18th. StockNews.com upgraded shares of Kite Realty Group Trust from a sell rating to a hold rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $26.00.

About Kite Realty Group Trust

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.