Kite Realty Group Trust (NYSE:KRG – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.02-2.08 for the period, compared to the consensus estimate of $2.02.
Kite Realty Group Trust Stock Performance
NYSE:KRG traded up $0.10 during trading on Tuesday, reaching $21.80. The company’s stock had a trading volume of 2,375,903 shares, compared to its average volume of 1,878,202. The firm has a 50 day moving average of $21.02 and a 200-day moving average of $21.40. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 99.46, a price-to-earnings-growth ratio of 3.06 and a beta of 1.29. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month high of $24.26.
Kite Realty Group Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 5th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. Kite Realty Group Trust’s dividend payout ratio is presently 454.57%.
Wall Street Analyst Weigh In
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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.
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