Kite Real Estate Group Trust (NYSE: ARK – Get a rating) – Capital One Financial stock analysts raised their fiscal 2022 earnings estimates for Kite Realty Group Trust in a research note released to investors on Wednesday, June 1. Capital One Financial analyst C. Lucas now expects the real estate investment trust to post earnings of $1.80 per share for the year, up from its previous forecast of $1.74. Capital One Financial currently has an “overweight” rating on the stock. Capital One Financial also released estimates for Kite Realty Group Trust Q4 2023 earnings at $0.48 EPS and full-year 2024 earnings at $1.97 EPS.
Kite Real Estate Group Trust (NYSE: ARK – Get a rating) last reported quarterly earnings data on Thursday, April 28. The real estate investment trust reported ($0.08) EPS for the quarter, missing analyst consensus estimates of $0.40 per ($0.48). Kite Realty Group Trust had a negative net margin of 24.52% and a negative return on equity of 4.77%. In the same quarter last year, the company posted earnings per share of $0.34.
Other research analysts have also recently published research reports on the stock. Raymond James raised his price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “Strong Buy” rating in a Friday, March 11 research report . Zacks Investment Research downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating in a Wednesday, May 11 report. StockNews.com began covering shares of Kite Realty Group Trust in a research report on Thursday, March 31. They issued a “sell” rating for the company. Finally, KeyCorp raised its price target on shares of Kite Realty Group Trust from $23.00 to $25.00 and gave the company an “overweight” rating in a Friday, Feb. 18 report. One equity research analyst rated the stock with a sell rating, one gave a hold rating, six issued a buy rating and one issued a strong buy rating for the company’s stock . According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.71.
ARK Actions opened at $20.44 on Monday. Kite Realty Group Trust has a one-year minimum of $18.42 and a one-year maximum of $23.35. The company has a 50-day moving average price of $21.71 and a two-hundred-day moving average price of $21.61. The stock has a market capitalization of $4.48 billion, a P/E ratio of -30.06, a PEG ratio of 1.28 and a beta of 1.25. The company has a debt ratio of 0.81, a quick ratio of 2.16 and a current ratio of 2.16.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 8 will receive a dividend of $0.21. The ex-date of this dividend is Thursday, July 7. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.20. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 4.11%. Kite Realty Group Trust’s payout ratio is currently -117.65%.
Several hedge funds and other institutional investors have recently increased or reduced their stake in KRG. Verition Fund Management LLC increased its stake in Kite Realty Group Trust by 216.8% in Q1. Verition Fund Management LLC now owns 54,910 shares of the real estate investment trust worth $1,250,000 after acquiring 37,575 additional shares in the last quarter. Walleye Capital LLC increased its position in Kite Realty Group Trust by 52.0% in Q1. Walleye Capital LLC now owns 41,086 shares of the real estate investment trust worth $936,000 after acquiring 14,058 additional shares in the last quarter. Jane Street Group LLC increased its stake in shares of Kite Realty Group Trust by 261.9% in Q1. Jane Street Group LLC now owns 47,928 shares of the real estate investment trust valued at $1,091,000 after purchasing an additional 34,685 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Kite Realty Group Trust in the first quarter, valued at approximately $867,000. Finally, Beacon Pointe Advisors LLC raised its position in Kite Realty Group Trust by 113.9% in the 1st quarter. Beacon Pointe Advisors LLC now owns 34,006 shares of the real estate investment trust worth $774,000 after purchasing an additional 18,106 shares in the last quarter. 90.42% of the shares are held by institutional investors.
Company Profile Kite Realty Group Trust (Get a rating)
Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in in-demand markets through our portfolio of neighborhood, community and lifestyle centers.
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