Kite Realty Group Trust (KRG) Issues FY19 Earnings Guidance

Kite Realty Group Trust (NYSE:KRG) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $1.66-1.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.68.

Several equities analysts have commented on the stock. Citigroup set a $16.00 price target on shares of Kite Realty Group Trust and gave the company a hold rating in a research report on Monday, May 20th. Bank of America cut shares of Kite Realty Group Trust from a neutral rating to an underperform rating in a research report on Monday, March 4th. Raymond James cut shares of Kite Realty Group Trust from an outperform rating to a market perform rating in a research report on Tuesday, February 26th. Capital One Financial reaffirmed an overweight rating on shares of Kite Realty Group Trust in a research report on Wednesday, February 20th. Finally, TheStreet upgraded shares of Kite Realty Group Trust from a d+ rating to a c- rating in a research note on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $16.33.

NYSE:KRG traded up $0.02 during midday trading on Thursday, hitting $15.22. 502,956 shares of the company were exchanged, compared to its average volume of 463,749. Kite Realty Group Trust has a fifty-two week low of $13.66 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $1.31 billion, a P/E ratio of 7.61, a P/E/G ratio of 1.87 and a beta of 0.86.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $83.52 million for the quarter, compared to analyst estimates of $81.50 million. Kite Realty Group Trust had a negative net margin of 6.59% and a negative return on equity of 1.59%. Kite Realty Group Trust’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, sell-side analysts anticipate that Kite Realty Group Trust will post 1.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a $0.3175 dividend. The ex-dividend date is Thursday, June 20th. This represents a $1.27 dividend on an annualized basis and a yield of 8.34%. Kite Realty Group Trust’s dividend payout ratio is presently 63.50%.

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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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