Kite Realty Group Trust (NYSE:KRG) Announces Earnings Results, Beats Expectations By $0.45 EPS

Kite Realty Group Trust (NYSE:KRG) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.45, Zacks reports. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Kite Realty Group Trust updated its FY 2025 guidance to 2.020-2.080 EPS.

Kite Realty Group Trust Stock Down 3.1 %

KRG stock opened at $22.96 on Thursday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $24.44 and its 200 day moving average price is $25.49. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24. The company has a market cap of $5.04 billion, a P/E ratio of -574.00, a P/E/G ratio of 3.63 and a beta of 1.27.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is -2,700.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KRG shares. KeyCorp raised their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. 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 report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird raised their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.13.

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.