Kite Realty Group Trust (NYSE:KRG) – Stock analysts at Capital One Financial Corp. upped their FY2016 earnings estimates for Kite Realty Group Trust in a research note issued on Sunday. Capital One Financial Corp. analyst C. Lucas now expects that the firm will post earnings per share of $2.07 for the year, up from their prior forecast of $2.06. Capital One Financial Corp. also issued estimates for Kite Realty Group Trust’s FY2017 earnings at $2.16 EPS and FY2018 earnings at $2.27 EPS.

Other research analysts also recently issued reports about the company. BTIG Research started coverage on Kite Realty Group Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $35.00 price target for the company. Hilliard Lyons raised Kite Realty Group Trust from a “neutral” rating to a “buy” rating in a research note on Monday, October 31st. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Finally, Barclays PLC initiated coverage on Kite Realty Group Trust in a research note on Friday, July 22nd. They set an “overweight” rating and a $33.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Kite Realty Group Trust presently has an average rating of “Buy” and a consensus price target of $32.00.

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

Shares of Kite Realty Group Trust (NYSE:KRG) opened at 24.96 on Tuesday. The company has a market capitalization of $2.09 billion, a P/E ratio of 832.00 and a beta of 0.75. Kite Realty Group Trust has a 12 month low of $23.47 and a 12 month high of $30.45. The company has a 50-day moving average price of $25.77 and a 200-day moving average price of $27.51.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Thursday, October 27th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Kite Realty Group Trust had a net margin of 2.67% and a return on equity of 0.56%. The firm earned $89.10 million during the quarter, compared to analyst estimates of $88.39 million. During the same period last year, the firm posted $0.51 earnings per share. Kite Realty Group Trust’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Several hedge funds have recently modified their holdings of KRG. Tower Research Capital LLC TRC purchased a new stake in shares of Kite Realty Group Trust during the second quarter valued at approximately $131,000. Independent Portfolio Consultants Inc. boosted its stake in shares of Kite Realty Group Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,594 shares of the company’s stock valued at $157,000 after buying an additional 15 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kite Realty Group Trust by 9.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,684 shares of the company’s stock valued at $159,000 after buying an additional 496 shares during the last quarter. MSI Financial Services Inc boosted its stake in shares of Kite Realty Group Trust by 0.6% in the third quarter. MSI Financial Services Inc now owns 5,750 shares of the company’s stock valued at $159,000 after buying an additional 36 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Kite Realty Group Trust by 24.6% in the third quarter. Sei Investments Co. now owns 7,261 shares of the company’s stock valued at $201,000 after buying an additional 1,433 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States.

5 Day Chart for NYSE:KRG

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