Kite Realty Group Trust (NYSE:KRG) Posts Quarterly Earnings Results, Beats Estimates By $0.45 EPS

Kite Realty Group Trust (NYSE:KRG) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.08 by $0.45, Zacks reports. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Kite Realty Group Trust updated its FY 2025 guidance to 2.020-2.080 EPS.

Kite Realty Group Trust Trading Up 2.0 %

Shares of Kite Realty Group Trust stock traded up $0.48 on Tuesday, hitting $23.66. 2,553,302 shares of the company’s stock traded hands, compared to its average volume of 1,909,196. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of -591.38, a price-to-earnings-growth ratio of 3.63 and a beta of 1.27. The company has a fifty day moving average of $24.51 and a two-hundred day moving average of $25.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price target on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird boosted their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, KeyCorp raised their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.13.

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.