Kite Realty Group Trust (KRG) Projected to Post Quarterly Earnings on Tuesday

Kite Realty Group Trust (NYSE:KRG - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce 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 posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 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 Stock Performance

KRG traded down $0.04 on Friday, hitting $21.84. 1,469,045 shares of the company traded hands, compared to its average volume of 1,645,136. The company has a 50 day moving average of $21.79 and a 200-day moving average of $24.05. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $4.80 billion, a PE ratio of 1,092.00, a PEG ratio of 3.57 and a beta of 1.05. Kite Realty Group Trust has a 12-month low of $18.52 and a 12-month high of $28.24.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio is presently 5,400.00%.

Analyst Upgrades and Downgrades

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