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 Stock Performance

Shares of KRG stock traded down $0.36 on Friday, hitting $21.62. 1,009,017 shares of the stock traded hands, compared to its average volume of 1,900,477. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $4.75 billion, a PE ratio of 27.33, a PEG ratio of 6.99 and a beta of 1.09. Kite Realty Group Trust has a 1-year low of $18.51 and a 1-year high of $28.24. The company's fifty day moving average is $22.49 and its 200 day moving average is $22.36.

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

Kite Realty Group Trust Dividend Announcement

The business 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, October 9th. Kite Realty Group Trust's dividend payout ratio is presently 136.71%.

Wall Street Analysts Forecast Growth

KRG has been the subject of a number of recent research reports. Wall Street Zen downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group started coverage on Kite Realty Group Trust in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price target for the company. Finally, Raymond James Financial decreased their price target 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. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kite Realty Group Trust stock. AQR Capital Management LLC grew its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,984 shares of the real estate investment trust's stock after purchasing an additional 19,731 shares during the period. AQR Capital Management LLC's holdings in Kite Realty Group Trust were worth $1,797,000 as of its most recent SEC filing. Institutional investors own 90.81% of the company's stock.

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.