Kite Realty Group Trust (KRG) to Release Earnings on Tuesday

Kite Realty Group Trust (NYSE:KRG - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, April 29th. Analysts expect Kite Realty Group Trust to post earnings of $0.51 per share and revenue of $211.07 million for the quarter. Kite Realty Group Trust has set its FY 2025 guidance at 2.020-2.080 EPS.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. On average, analysts expect Kite Realty Group Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock traded down $0.04 during mid-day trading on Friday, reaching $21.84. 1,469,045 shares of the company were exchanged, compared to its average volume of 1,641,957. The firm has a market cap of $4.80 billion, a PE ratio of 1,092.00, a PEG ratio of 3.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The company has a fifty day simple moving average of $21.79 and a 200-day simple moving average of $24.07. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month high of $28.24.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Wednesday, April 9th. Kite Realty Group Trust's payout ratio is currently 5,400.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Raymond James cut their target price on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. decreased their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Finally, Piper Sandler restated a "neutral" rating and set a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

About Kite Realty Group Trust

Kite Realty Group Trust NYSE: KRG is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.