Kite Realty Group Trust (KRG) Expected to Announce Earnings on Tuesday

Kite Realty Group Trust (NYSE:KRG) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $208.50 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG opened at $23.57 on Monday. The stock’s fifty day simple moving average is $24.59 and its 200 day simple moving average is $25.48. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of -589.13, a PEG ratio of 3.63 and a beta of 1.27. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $28.24.

Analyst Upgrades and Downgrades

A number of analysts have commented on KRG shares. Wells Fargo & Company reduced their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Robert W. Baird lifted their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, KeyCorp lifted their target price on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.13.

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.