Kite Realty Group Trust (NYSE:KRG) – Analysts at DA Davidson dropped their Q1 2018 earnings estimates for Kite Realty Group Trust in a report issued on Monday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.51. DA Davidson has a “Neutral” rating and a $16.00 price target on the stock. DA Davidson also issued estimates for Kite Realty Group Trust’s Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.01 EPS and FY2019 earnings at $2.09 EPS.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $88.90 million during the quarter, compared to analyst estimates of $89.14 million. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share.

Several other analysts have also issued reports on KRG. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Capital One Financial reiterated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. Raymond James Financial reiterated an “outperform” rating and issued a $23.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a research report on Wednesday, December 20th. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Barclays dropped their price target on shares of Kite Realty Group Trust from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.33.

Shares of Kite Realty Group Trust (KRG) opened at $15.05 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1,260.00, a P/E ratio of 107.50, a P/E/G ratio of 1.69 and a beta of 0.41. Kite Realty Group Trust has a 12-month low of $14.74 and a 12-month high of $24.38.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation purchased a new position in shares of Kite Realty Group Trust in the third quarter worth $111,000. Perigon Wealth Management LLC lifted its holdings in shares of Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 2,500 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Kite Realty Group Trust by 374.1% in the third quarter. Meeder Asset Management Inc. now owns 7,126 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 5,623 shares in the last quarter. Kemper Corp Master Retirement Trust lifted its holdings in shares of Kite Realty Group Trust by 46.0% in the second quarter. Kemper Corp Master Retirement Trust now owns 10,075 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 3,175 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of Kite Realty Group Trust in the third quarter worth $223,000. Institutional investors and hedge funds own 94.65% of the company’s stock.

In other Kite Realty Group Trust news, CEO John A. Kite sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $20.09, for a total value of $341,530.00. Following the completion of the transaction, the chief executive officer now directly owns 52,712 shares in the company, valued at $1,058,984.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Thomas K. Mcgowan sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $19.22, for a total transaction of $96,100.00. Following the completion of the transaction, the chief operating officer now owns 86,751 shares of the company’s stock, valued at $1,667,354.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,157 shares of company stock valued at $497,645. Company insiders own 1.87% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, January 5th were given a $0.3175 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.30. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend was Thursday, January 4th. Kite Realty Group Trust’s dividend payout ratio is presently 907.14%.

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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.

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

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