Equities analysts expect that Kite Realty Group Trust (NYSE:KRG) will post sales of $64.93 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kite Realty Group Trust’s earnings. The lowest sales estimate is $63.20 million and the highest is $67.40 million. Kite Realty Group Trust reported sales of $74.94 million in the same quarter last year, which would suggest a negative year over year growth rate of 13.4%. The firm is expected to announce its next earnings results after the market closes on Wednesday, October 28th.

According to Zacks, analysts expect that Kite Realty Group Trust will report full-year sales of $262.24 million for the current year, with estimates ranging from $253.95 million to $269.10 million. For the next fiscal year, analysts expect that the business will report sales of $267.08 million, with estimates ranging from $256.30 million to $281.30 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.35). Kite Realty Group Trust had a negative net margin of 3.27% and a negative return on equity of 0.73%.

Several equities analysts have recently commented on the stock. Raymond James restated a “hold” rating on shares of Kite Realty Group Trust in a report on Thursday, August 13th. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. DA Davidson restated a “neutral” rating on shares of Kite Realty Group Trust in a report on Monday, August 10th. Citigroup increased their target price on shares of Kite Realty Group Trust from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.83.

Shares of KRG stock opened at $11.29 on Thursday. The firm’s 50 day moving average price is $11.75 and its 200-day moving average price is $10.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.40 and a current ratio of 3.40. Kite Realty Group Trust has a one year low of $6.87 and a one year high of $19.77. The firm has a market cap of $950.80 million, a P/E ratio of -94.08, a P/E/G ratio of 7.59 and a beta of 1.16.

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.05. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.83%. Kite Realty Group Trust’s payout ratio is 19.28%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in Kite Realty Group Trust by 12.5% in the first quarter. State Street Corp now owns 4,837,613 shares of the real estate investment trust’s stock worth $47,283,000 after purchasing an additional 538,827 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Kite Realty Group Trust in the 2nd quarter worth $4,040,000. APG Asset Management N.V. increased its stake in shares of Kite Realty Group Trust by 604.7% in the 1st quarter. APG Asset Management N.V. now owns 215,629 shares of the real estate investment trust’s stock worth $2,042,000 after purchasing an additional 185,029 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Kite Realty Group Trust by 91.1% in the 1st quarter. Wells Fargo & Company MN now owns 313,793 shares of the real estate investment trust’s stock worth $2,971,000 after purchasing an additional 149,608 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Kite Realty Group Trust by 60.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 221,085 shares of the real estate investment trust’s stock worth $2,094,000 after purchasing an additional 83,068 shares in the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.

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 retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Earnings History and Estimates for Kite Realty Group Trust (NYSE:KRG)

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