Q2 2019 Earnings Forecast for Kite Realty Group Trust Issued By Capital One Financial (NYSE:KRG)

Kite Realty Group Trust (NYSE:KRG) – Equities researchers at Capital One Financial lifted their Q2 2019 earnings estimates for Kite Realty Group Trust in a research note issued to investors on Tuesday, June 11th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $0.42 per share for the quarter, up from their prior estimate of $0.41. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Kite Realty Group Trust’s Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.69 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $1.63 EPS and FY2021 earnings at $1.69 EPS.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The business had revenue of $83.52 million for the quarter, compared to analyst estimates of $81.50 million. Kite Realty Group Trust had a negative net margin of 6.59% and a negative return on equity of 1.59%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share.

Several other research firms also recently issued reports on KRG. TheStreet raised shares of Kite Realty Group Trust from a “d+” rating to a “c-” rating in a report on Tuesday, February 19th. Citigroup set a $16.00 price target on shares of Kite Realty Group Trust and gave the company a “hold” rating in a report on Monday, May 20th. Raymond James cut shares of Kite Realty Group Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 26th. Finally, Bank of America cut shares of Kite Realty Group Trust from a “neutral” rating to an “underperform” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Kite Realty Group Trust has a consensus rating of “Hold” and an average price target of $16.33.

Kite Realty Group Trust stock opened at $15.58 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.88 and a beta of 0.83. Kite Realty Group Trust has a twelve month low of $13.66 and a twelve month high of $17.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be issued a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.15%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 63.50%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System boosted its position in Kite Realty Group Trust by 6.2% during the fourth quarter. Arizona State Retirement System now owns 128,920 shares of the real estate investment trust’s stock worth $1,816,000 after purchasing an additional 7,547 shares during the period. Rhumbline Advisers lifted its position in Kite Realty Group Trust by 19.7% during the fourth quarter. Rhumbline Advisers now owns 256,512 shares of the real estate investment trust’s stock worth $3,614,000 after purchasing an additional 42,134 shares during the period. BB&T Securities LLC lifted its position in Kite Realty Group Trust by 4.5% during the fourth quarter. BB&T Securities LLC now owns 16,613 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 715 shares during the period. Chicago Equity Partners LLC lifted its position in Kite Realty Group Trust by 1.7% during the fourth quarter. Chicago Equity Partners LLC now owns 203,345 shares of the real estate investment trust’s stock worth $2,865,000 after purchasing an additional 3,340 shares during the period. Finally, LSV Asset Management lifted its position in Kite Realty Group Trust by 50.4% during the fourth quarter. LSV Asset Management now owns 979,947 shares of the real estate investment trust’s stock worth $13,807,000 after purchasing an additional 328,247 shares during the period. Institutional investors own 92.10% of the company’s stock.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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

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