Kite Realty Group Trust (NYSE:KRG) Posts Quarterly Earnings Results, Beats Expectations By $0.45 EPS

Kite Realty Group Trust (NYSE:KRG - Get Free Report) announced its earnings results on Tuesday. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.45, Zacks reports. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Kite Realty Group Trust updated its FY 2025 guidance to 2.020-2.080 EPS.

Kite Realty Group Trust Price Performance

KRG traded down $0.85 on Friday, hitting $22.40. 3,816,868 shares of the company were exchanged, compared to its average volume of 1,896,697. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The business's fifty day moving average is $24.20 and its 200 day moving average is $25.44. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The firm has a market capitalization of $4.92 billion, a P/E ratio of -559.88, a price-to-earnings-growth ratio of 3.63 and a beta of 1.27.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 4.82%. Kite Realty Group Trust's payout ratio is currently -2,700.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KRG shares. Piper Sandler reaffirmed a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. KeyCorp boosted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on shares of 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, Wells Fargo & Company dropped their price target on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $28.13.

Kite Realty Group Trust Company Profile

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.