Zacks: Analysts Predict Kite Realty Group Trust (NYSE: KRG) to Report EPS of $ 0.36
Equity research analysts expect Kite Realty Group Trust (NYSE: KRG) to report earnings per share of $ 0.36 for the current quarter, Zacks reports. Three analysts estimated Kite Realty Group Trust’s earnings, with the highest estimate of EPS at $ 0.39 and the lowest estimate of $ 0.33. Kite Realty Group Trust posted earnings of $ 0.33 per share in the same quarter last year, indicating a positive year-over-year growth rate of 9.1%. The company is expected to release its next quarterly earnings report on Thursday, February 10.
According to Zacks, analysts expect Kite Realty Group Trust to report annual profit of $ 1.37 per share for the current year, with EPS estimates ranging from $ 1.33 to $ 1.39. For the next fiscal year, analysts expect the company to report earnings of $ 1.63 per share, with EPS estimates ranging from $ 1.62 to $ 1.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sales analysts who cover Kite Realty Group Trust.
Kite Realty Group Trust (NYSE: KRG) last released its quarterly earnings data on Thursday, October 28. The REIT reported ($ 0.08) earnings per share (EPS) for the quarter, missing Zacks’ ($ 0.41) consensus estimate of $ 0.33. Kite Realty Group Trust had a net margin of 3.80% and a return on equity of 0.87%. In the same quarter of the previous year, the company achieved EPS of $ 0.30.
A number of stock analysts have recently published reports on KRG stocks. Barclays began covering shares of Kite Realty Group Trust in a research note on Wednesday, September 1. They set an “overweight” rating and a price target of $ 27.00 for the stock. Piper Sandler raised her price target for Kite Realty Group Trust shares from $ 25.00 to $ 26.00 and assigned the company an “overweight” rating in a research note on Wednesday, September 1. Raymond James downgraded Kite Realty Group Trust shares from an “outperformance” rating to a “strong buy” rating and set a target price of $ 25.00 for the company in a research note on Wednesday. August 25. Jefferies Financial Group began covering shares of Kite Realty Group Trust in a research note on Wednesday, October 27. They issued a “buy” note and a target price of $ 26.00 for the company. Finally, Zacks Investment Research upgraded Kite Realty Group Trust shares from a “hold” rating to a “strong buy” rating and set a target price of $ 26.00 for the company in a research note on Tuesday 23rd. November. Six equity research analysts rated the stock with a buy rating and two gave the company a high buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $ 24.29.
Major investors have recently bought and sold shares in the company. Capital Analysts LLC acquired a new equity stake in Kite Realty Group Trust during the third quarter valued at $ 39,000. Strategic Blueprint LLC purchased a new position in shares of Kite Realty Group Trust during the second quarter valued at $ 47,000. FORA Capital LLC purchased a new position in shares of Kite Realty Group Trust during the second quarter valued at $ 51,000. Van ECK Associates Corp increased its holdings of Kite Realty Group Trust shares by 15.6% during the third quarter. Van ECK Associates Corp now owns 3,889 real estate investment trust shares worth $ 79,000 after purchasing an additional 525 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd. purchased a new position in Kite Realty Group Trust shares during the second quarter valued at $ 107,000. Institutional investors and hedge funds hold 95.91% of the company’s shares.
NYSE KRG shares traded up $ 0.01 during the midday Friday session, reaching $ 20.52. 1,525,186 shares of the company were traded in the hands, compared to its average volume of 1,417,074. The company has a rapid ratio of 3.15, a current ratio of 3.15 and a debt ratio of 1.07. The stock’s 50-day simple moving average is $ 21.38 and its 200-day simple moving average is $ 20.98. Kite Realty Group Trust has a one-year minimum of $ 14.30 and a one-year maximum of $ 23.14. The company has a market cap of $ 4.49 billion, a price / earnings ratio of 157.86, a P / E / G ratio of 1.89, and a beta of 1.36.
The company also recently unveiled a quarterly dividend, which will be paid on Friday, January 14. Shareholders of record on Friday, January 7 will receive a dividend of $ 0.19 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $ 0.18. This represents an annualized dividend of $ 0.76 and a dividend yield of 3.70%. The ex-dividend date is Thursday January 6. Kite Realty Group Trust’s payout ratio is currently 553.89%.
Kite Realty Group Trust Company Profile
Kite Realty Group Trust operates like a real estate investment trust. She is involved in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in select markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.
Further reading: Why is the company buying back its shares?
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