Brokerages expect that Kite Realty Group Trust (NYSE:KRG) will announce earnings of $0.50 per share for the current quarter, Zacks reports. Four analysts have made estimates for Kite Realty Group Trust’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.51. Kite Realty Group Trust posted earnings of $0.04 per share in the same quarter last year, which suggests a positive year over year growth rate of 1,150%. The business is scheduled to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Kite Realty Group Trust will report full-year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.05. For the next fiscal year, analysts forecast that the business will report earnings of $2.09 per share, with EPS estimates ranging from $2.04 to $2.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. The firm had revenue of $87.10 million during the quarter, compared to analyst estimates of $88.16 million. During the same quarter last year, the business posted $0.52 EPS. The company’s revenue was down 2.2% on a year-over-year basis.

KRG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. ValuEngine downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.33.

Kite Realty Group Trust (NYSE:KRG) traded down $0.01 during trading on Thursday, reaching $18.93. 491,691 shares of the company were exchanged, compared to its average volume of 661,377. Kite Realty Group Trust has a 1 year low of $17.60 and a 1 year high of $25.01. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1,582.43, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.62.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be given a $0.3175 dividend. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 4th. This represents a $1.27 dividend on an annualized basis and a yield of 6.71%. Kite Realty Group Trust’s dividend payout ratio is presently 806.67%.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 3,157 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.01, for a total value of $60,014.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.87% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of Kite Realty Group Trust by 1.0% during the 2nd quarter. Amalgamated Bank now owns 11,312 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 109 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Kite Realty Group Trust by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 61,017 shares of the real estate investment trust’s stock valued at $1,155,000 after purchasing an additional 529 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Kite Realty Group Trust by 11.5% during the 2nd quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 557 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Kite Realty Group Trust by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,720 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 700 shares in the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of Kite Realty Group Trust by 14.4% during the 2nd quarter. First Mercantile Trust Co. now owns 6,737 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

WARNING: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/brokerages-expect-kite-realty-group-trust-krg-to-post-0-50-eps/1756485.html.

About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

Get a free copy of the Zacks research report on Kite Realty Group Trust (KRG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.