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

Kite Realty Group Trust (NYSE:KRG) is scheduled to be posting 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 that wish to listen to the company’s earnings conference call can do so using this link.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock opened at $21.26 on Monday. Kite Realty Group Trust has a 52-week low of $19.16 and a 52-week high of $24.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 96.64, a PEG ratio of 3.06 and a beta of 1.29. The stock’s 50 day moving average price is $21.01 and its two-hundred day moving average price is $21.40.

Kite Realty Group Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KRG. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, April 18th. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.00.

Kite Realty Group Trust Company Profile

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.