Equities research analysts expect Kite Realty Group Trust (NYSE:KRG) to report $77.92 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Kite Realty Group Trust’s earnings. The lowest sales estimate is $73.80 million and the highest is $81.33 million. Kite Realty Group Trust posted sales of $85.75 million during the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The business is expected to announce its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Kite Realty Group Trust will report full year sales of $316.09 million for the current year, with estimates ranging from $301.51 million to $328.18 million. For the next fiscal year, analysts expect that the firm will post sales of $299.08 million, with estimates ranging from $284.25 million to $329.63 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $81.48 million during the quarter, compared to the consensus estimate of $79.95 million. Kite Realty Group Trust had a negative net margin of 6.92% and a negative return on equity of 1.66%. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share.

Several analysts recently issued reports on the stock. DA Davidson reaffirmed a “neutral” rating on shares of Kite Realty Group Trust in a report on Monday, July 29th. Citigroup set a $16.00 price objective on shares of Kite Realty Group Trust and gave the stock a “hold” rating in a report on Monday, May 20th. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Finally, ValuEngine downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, June 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.33.

KRG stock traded down $0.42 during trading hours on Friday, hitting $14.82. The company’s stock had a trading volume of 466,600 shares, compared to its average volume of 512,931. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a 50 day moving average of $15.38. The stock has a market cap of $1.29 billion, a P/E ratio of 7.41, a PEG ratio of 1.87 and a beta of 0.81. Kite Realty Group Trust has a 12 month low of $13.66 and a 12 month high of $17.75.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Centersquare Investment Management LLC raised its stake in Kite Realty Group Trust by 150,278.3% during the 1st quarter. Centersquare Investment Management LLC now owns 630,085 shares of the real estate investment trust’s stock valued at $10,075,000 after purchasing an additional 629,666 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Kite Realty Group Trust during the 1st quarter valued at $174,000. Municipal Employees Retirement System of Michigan acquired a new position in Kite Realty Group Trust during the 4th quarter valued at $341,000. Sheaff Brock Investment Advisors LLC raised its stake in Kite Realty Group Trust by 5.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 36,578 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Kite Realty Group Trust by 0.9% during the 1st quarter. Rhumbline Advisers now owns 258,906 shares of the real estate investment trust’s stock valued at $4,140,000 after purchasing an additional 2,394 shares during the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

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

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