Kite Realty Group Trust (KRG) Set to Announce Quarterly Earnings on Tuesday

Kite Realty Group Trust (NYSE:KRG) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Kite Realty Group Trust to post earnings of $0.50 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $21.26 on Friday. The stock’s 50-day moving average is $21.01 and its 200-day moving average is $21.40. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 96.64, a price-to-earnings-growth ratio of 3.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month high of $24.26.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 454.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KRG. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

About Kite Realty Group Trust

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.