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

Kite Realty Group Trust (NYSE:KRG) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Kite Realty Group Trust Stock Up 0.9 %

Shares of NYSE KRG opened at $26.14 on Wednesday. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $27.15. The firm’s 50-day moving average is $25.97 and its 200-day moving average is $23.47. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $5.74 billion, a PE ratio of 100.54, a price-to-earnings-growth ratio of 3.93 and a beta of 1.29.

Kite Realty Group Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Wednesday, October 9th were issued a $0.26 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 3.98%. The ex-dividend date was Wednesday, October 9th. Kite Realty Group Trust’s dividend payout ratio is currently 400.00%.

Analysts Set New Price Targets

KRG has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. KeyCorp lifted their price objective on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock 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 increased their target price for the company from $23.00 to $26.00 in a research note on Wednesday, August 28th. Piper Sandler increased their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Compass Point increased their target price on Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Insider Transactions at Kite Realty Group Trust

In other news, Director Steven P. Grimes sold 37,295 shares of Kite Realty Group Trust stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at $19,624,353.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

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.