Kite Realty Group Trust (NYSE:KRG) Updates FY 2025 Earnings Guidance

Kite Realty Group Trust (NYSE:KRG) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.020-2.080 for the period, compared to the consensus EPS estimate of 2.100. The company issued revenue guidance of -.

Kite Realty Group Trust Stock Performance

Shares of NYSE:KRG opened at $22.96 on Thursday. The firm’s 50 day simple moving average is $24.44 and its 200-day simple moving average is $25.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24. The firm has a market cap of $5.04 billion, a PE ratio of -574.00, a price-to-earnings-growth ratio of 3.63 and a beta of 1.27.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a negative return on equity of 0.28% and a negative net margin of 1.18%. As a group, equities analysts predict that Kite Realty Group Trust will post 2.06 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.70%. Kite Realty Group Trust’s payout ratio is currently -2,700.00%.

Wall Street Analysts Forecast Growth

KRG has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. KeyCorp upped their target price on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Robert W. Baird lifted their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.13.

About Kite Realty Group Trust

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.