Kite Realty Group Trust (KRG) Set to Announce Quarterly Earnings on Wednesday

Kite Realty Group Trust (NYSE:KRG - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Kite Realty Group Trust Stock Down 0.1 %

Shares of KRG traded down $0.02 during trading hours on Wednesday, hitting $26.11. 1,106,994 shares of the company were exchanged, compared to its average volume of 1,590,284. The company has a market cap of $5.73 billion, a PE ratio of 100.54, a PEG ratio of 3.93 and a beta of 1.29. The firm's 50 day moving average is $25.97 and its 200-day moving average is $23.47. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $27.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.08 and a current ratio of 2.08.

Kite Realty Group Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Wednesday, October 9th were paid a dividend of $0.26 per share. This is an increase from Kite Realty Group Trust's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.04 annualized dividend and a yield of 3.98%. Kite Realty Group Trust's dividend payout ratio is presently 400.00%.

Insiders Place Their Bets

In other news, Director Steven P. Grimes sold 37,295 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.80, for a total transaction of $999,506.00. Following the transaction, the director now owns 732,252 shares of the company's stock, valued at $19,624,353.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KRG shares. Piper Sandler raised their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 3rd. KeyCorp lifted their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. Wells Fargo & Company raised Kite Realty Group Trust from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $23.00 to $26.00 in a research note on Wednesday, August 28th. Raymond James upgraded Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 target price on the stock in a report on Friday, August 16th. Finally, Robert W. Baird lifted their target price on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.