Q3 2017 Earnings Forecast for Kite Realty Group Trust (KRG) Issued By Capital One Financial Corporation

Kite Realty Group Trust (NYSE:KRG) – Equities research analysts at Capital One Financial Corporation reduced their Q3 2017 earnings per share (EPS) estimates for Kite Realty Group Trust in a report issued on Tuesday, Zacks Investment Research reports. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will earn $0.48 per share for the quarter, down from their previous forecast of $0.49. Capital One Financial Corporation has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Kite Realty Group Trust’s Q4 2017 earnings at $0.50 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.52 EPS, FY2018 earnings at $2.08 EPS and FY2019 earnings at $2.22 EPS.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. ValuEngine upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. KeyCorp reissued a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of Kite Realty Group Trust in a report on Thursday, August 24th. Finally, BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Kite Realty Group Trust presently has a consensus rating of “Buy” and an average target price of $25.33.

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Kite Realty Group Trust (NYSE KRG) traded up $0.15 during trading on Wednesday, hitting $19.34. 515,800 shares of the stock were exchanged, compared to its average volume of 741,854. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $25.44. The firm has a market cap of $1,604.17, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.90 and a current ratio of 0.84.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.49. Kite Realty Group Trust had a negative net margin of 0.23% and a negative return on equity of 0.16%. The company had revenue of $87.10 million during the quarter, compared to the consensus estimate of $88.16 million. During the same period in the prior year, the business posted $0.52 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, October 6th were issued a dividend of $0.3025 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.21 annualized dividend and a dividend yield of 6.26%. Kite Realty Group Trust’s dividend payout ratio is presently 806.67%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Kite Realty Group Trust by 1.0% during the second quarter. Amalgamated Bank now owns 11,312 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 109 shares during the period. Texas Permanent School Fund boosted its position in shares of Kite Realty Group Trust by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 61,017 shares of the real estate investment trust’s stock worth $1,155,000 after acquiring an additional 529 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Kite Realty Group Trust by 11.5% during the 2nd quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 557 shares in the last quarter. Kissinger Financial Services LLC boosted its position in shares of Kite Realty Group Trust by 1.2% during the 2nd quarter. Kissinger Financial Services LLC now owns 55,541 shares of the real estate investment trust’s stock worth $1,052,000 after acquiring an additional 655 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Kite Realty Group Trust by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,720 shares of the real estate investment trust’s stock worth $373,000 after acquiring an additional 700 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

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Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

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