Kite Realty Group Trust (KRG) to Release Quarterly Earnings on Tuesday

Kite Realty Group Trust (NYSE:KRG) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Kite Realty Group Trust to post earnings of $0.08 per share and revenue of $208.57 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Kite Realty Group Trust Trading Down 1.1 %

Shares of Kite Realty Group Trust stock opened at $22.90 on Tuesday. The company has a market cap of $5.03 billion, a P/E ratio of -572.40, a price-to-earnings-growth ratio of 3.62 and a beta of 1.29. The firm has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $25.52. 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 fifty-two week low of $19.64 and a fifty-two week high of $28.24.

Analysts Set New Price Targets

Several analysts recently issued reports on KRG shares. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. 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 on the stock in a report on Wednesday, January 29th. 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 report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price 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. Finally, Robert W. Baird increased 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 report on Friday, November 15th. Five equities research 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. According to data from MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of “Moderate Buy” and an average target price 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.