Kite Realty Group Trust (KRG) to Post Q1 2019 Earnings of $0.40 Per Share, Capital One Financial Forecasts

Kite Realty Group Trust (NYSE:KRG) – Investment analysts at Capital One Financial lowered their Q1 2019 EPS estimates for shares of Kite Realty Group Trust in a research note issued on Thursday, March 28th, Zacks Investment Research reports. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.46. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Kite Realty Group Trust’s Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.38 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.42 EPS, Q4 2020 earnings at $0.43 EPS, FY2020 earnings at $1.68 EPS and FY2021 earnings at $1.75 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Barclays lowered shares of Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $15.00 to $16.00 in a report on Monday, February 4th. ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Monday, February 4th. TheStreet upgraded shares of Kite Realty Group Trust from a “d+” rating to a “c-” rating in a report on Tuesday, February 19th. Finally, Raymond James lowered shares of Kite Realty Group Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Kite Realty Group Trust presently has a consensus rating of “Hold” and a consensus target price of $16.13.

Shares of KRG stock traded up $0.24 during trading hours on Monday, hitting $15.72. 324,705 shares of the company’s stock traded hands, compared to its average volume of 521,804. Kite Realty Group Trust has a 12-month low of $13.66 and a 12-month high of $17.75. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.88 and a beta of 0.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Kite Realty Group Trust had a negative net margin of 13.15% and a negative return on equity of 3.15%. The firm had revenue of $86.90 million during the quarter, compared to analyst estimates of $85.31 million. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 22nd were given a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date was Thursday, March 21st. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 63.50%.

In related news, CFO R Fear Heath bought 7,500 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was acquired at an average price of $15.79 per share, with a total value of $118,425.00. Following the transaction, the chief financial officer now owns 78,883 shares in the company, valued at approximately $1,245,562.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.07% of the company’s stock.

A number of large investors have recently bought and sold shares of KRG. Oregon Public Employees Retirement Fund bought a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $32,000. Pearl River Capital LLC bought a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $37,000. Versant Capital Management Inc grew its position in shares of Kite Realty Group Trust by 96.3% during the 1st quarter. Versant Capital Management Inc now owns 2,518 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,235 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Kite Realty Group Trust by 2,850.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,157 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 3,050 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $84,000. 92.10% of the stock is owned by institutional investors and hedge funds.

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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