Kite Realty Group Trust (NYSE:KRG) declared a quarterly dividend on Thursday, June 18th, Zacks reports. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.052 per share by the real estate investment trust on Thursday, July 9th. This represents a $0.21 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, July 1st.

Kite Realty Group Trust has a dividend payout ratio of -2,540.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kite Realty Group Trust to earn $1.35 per share next year, which means the company should continue to be able to cover its $1.27 annual dividend with an expected future payout ratio of 94.1%.

Shares of KRG opened at $11.54 on Tuesday. Kite Realty Group Trust has a one year low of $6.87 and a one year high of $19.77. The company has a market cap of $947.17 million, a P/E ratio of -144.25, a P/E/G ratio of 6.86 and a beta of 1.24. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.60 and a quick ratio of 3.60. The firm has a 50 day simple moving average of $10.89 and a two-hundred day simple moving average of $13.75.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.39). The firm had revenue of $69.91 million for the quarter, compared to analyst estimates of $70.80 million. Kite Realty Group Trust had a negative net margin of 2.09% and a negative return on equity of 0.48%. On average, analysts expect that Kite Realty Group Trust will post 1.25 earnings per share for the current fiscal year.

KRG has been the topic of several analyst reports. ValuEngine cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. TheStreet cut shares of Kite Realty Group Trust from a “c-” rating to a “d” rating in a research note on Thursday, May 7th. Piper Sandler upped their price target on shares of Kite Realty Group Trust from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Compass Point cut shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $12.00 in a research report on Thursday, April 16th. Finally, Robert W. Baird cut their price target on shares of Kite Realty Group Trust from $19.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.29.

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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Dividend History for Kite Realty Group Trust (NYSE:KRG)

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