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

Kite Realty Group Trust (NYSE:KRG) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 Stock Performance

Shares of NYSE:KRG traded up $0.48 during trading hours on Tuesday, hitting $23.66. The stock had a trading volume of 2,553,302 shares, compared to its average volume of 1,909,195. The stock’s fifty day simple moving average is $24.51 and its 200 day simple moving average is $25.49. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of -591.38, a PEG ratio of 3.63 and a beta of 1.27. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08.

Analysts Set New Price Targets

A number of research firms have weighed in on KRG. Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Robert W. Baird upped their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. decreased their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, KeyCorp increased their price target 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.