Kite Realty Group Trust (NYSE:KRG) Posts Earnings Results

Kite Realty Group Trust (NYSE:KRG) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.45, Zacks reports. Kite Realty Group Trust had a negative return on equity of 0.28% and a negative net margin of 1.18%. 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 KRG traded up $0.48 during trading hours on Tuesday, hitting $23.66. The company had a trading volume of 2,553,302 shares, compared to its average volume of 1,909,196. The firm has a market cap of $5.20 billion, a P/E ratio of -591.38, a P/E/G ratio of 3.63 and a beta of 1.27. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $28.24. The stock’s 50 day moving average price is $24.51 and its 200 day moving average price is $25.49. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97.

Analyst Upgrades and Downgrades

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

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.