Kite Realty Group Trust (NYSE:KRG) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $1.61-1.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.67. Kite Realty Group Trust also updated its FY 2019 guidance to $1.61-1.69 EPS.
A number of brokerages recently weighed in on KRG. DA Davidson reaffirmed a neutral rating on shares of Kite Realty Group Trust in a research note on Monday, July 29th. Zacks Investment Research raised shares of Kite Realty Group Trust from a sell rating to a hold rating in a research note on Friday, June 14th. Citigroup set a $16.00 target price on shares of Kite Realty Group Trust and gave the stock a hold rating in a research note on Monday, May 20th. Finally, ValuEngine lowered shares of Kite Realty Group Trust from a hold rating to a sell rating in a research note on Saturday, June 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $16.33.
NYSE:KRG traded up $0.13 on Tuesday, hitting $15.10. 682,437 shares of the company’s stock were exchanged, compared to its average volume of 514,636. The business has a 50-day simple moving average of $15.45. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.35 and a current ratio of 1.35. Kite Realty Group Trust has a 52 week low of $13.66 and a 52 week high of $17.75. The stock has a market capitalization of $1.31 billion, a P/E ratio of 7.55, a P/E/G ratio of 1.86 and a beta of 0.81.
Kite Realty Group Trust Company Profile
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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