Kite Realty Group Trust (NYSE:KRG) Releases FY 2025 Earnings Guidance

Key Points

• Kite Realty Group Trust has updated its FY 2025 earnings guidance, projecting earnings per share between $2.060 and $2.100, slightly below the consensus estimate of $2.069.
• In recent broker ratings, Wall Street Zen downgraded Kite Realty from "buy" to "hold", while Raymond James lowered its price target from $28.00 to $26.00, maintaining a "strong-buy" rating.
• The company's stock closed at $22.95 on Wednesday, with an average target price of $27.22 from analysts, indicating a mixed outlook.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.060-2.100 for the period, compared to the consensus estimate of 2.069. The company issued revenue guidance of -.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG traded down $0.35 during mid-day trading on Friday, reaching $21.63. 2,064,786 shares of the company traded hands, compared to its average volume of 1,445,397. Kite Realty Group Trust has a fifty-two week low of $18.51 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.70 and a quick ratio of 1.07. The firm has a market cap of $4.75 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 6.57 and a beta of 1.16. The stock has a fifty day simple moving average of $22.49 and a 200-day simple moving average of $22.35.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The firm had revenue of $211.18 million during the quarter, compared to analysts' expectations of $211.74 million. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. Equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 136.71%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KRG. Raymond James Financial reduced their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Friday, May 23rd. UBS Group began coverage on Kite Realty Group Trust in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price objective for the company. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of "Hold" and an average target price of $27.22.

Institutional Investors Weigh In On Kite Realty Group Trust

An institutional investor recently raised its position in Kite Realty Group Trust stock. AQR Capital Management LLC grew its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 32.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,984 shares of the real estate investment trust's stock after purchasing an additional 19,731 shares during the quarter. AQR Capital Management LLC's holdings in Kite Realty Group Trust were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission. 90.81% of the stock is currently owned by institutional investors.

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.