Kite Realty Group Trust Forecasted to Post FY2020 Earnings of $1.30 Per Share (NYSE:KRG)

Kite Realty Group Trust (NYSE:KRG) – Research analysts at KeyCorp cut their FY2020 earnings per share (EPS) estimates for shares of Kite Realty Group Trust in a research report issued to clients and investors on Monday, September 14th. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $1.30 for the year, down from their prior estimate of $1.33. KeyCorp also issued estimates for Kite Realty Group Trust’s Q4 2020 earnings at $0.32 EPS, Q1 2021 earnings at $0.33 EPS and Q2 2021 earnings at $0.33 EPS.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.35). Kite Realty Group Trust had a negative return on equity of 0.73% and a negative net margin of 3.27%.

KRG has been the subject of a number of other research reports. Compass Point raised shares of Kite Realty Group Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $14.00 in a research report on Wednesday, August 19th. They noted that the move was a valuation call. Citigroup raised their price target on shares of Kite Realty Group Trust from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Raymond James restated a “hold” rating on shares of Kite Realty Group Trust in a research report on Thursday, August 13th. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 18th. Finally, DA Davidson reiterated a “neutral” rating on shares of Kite Realty Group Trust in a research report on Monday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Kite Realty Group Trust currently has a consensus rating of “Hold” and an average price target of $15.00.

NYSE:KRG opened at $12.52 on Wednesday. Kite Realty Group Trust has a 52 week low of $6.87 and a 52 week high of $19.77. The firm has a 50 day moving average of $11.22 and a 200 day moving average of $10.85. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -104.33, a PEG ratio of 7.06 and a beta of 1.18.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, October 2nd will be paid a $0.08 dividend. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, October 1st. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 12.65%.

Several large investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Kite Realty Group Trust by 429.8% during the second quarter. Versant Capital Management Inc now owns 2,347 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,904 shares during the period. NewSquare Capital LLC purchased a new position in Kite Realty Group Trust during the first quarter worth about $46,000. Townsquare Capital LLC purchased a new position in Kite Realty Group Trust during the second quarter worth about $111,000. ProShare Advisors LLC purchased a new position in Kite Realty Group Trust during the second quarter worth about $147,000. Finally, Worth Venture Partners LLC purchased a new position in Kite Realty Group Trust during the second quarter worth about $182,000. 92.18% of the stock is currently owned by hedge funds and other institutional investors.

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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