Wall Avenue analysts count on that Kite Realty Group Belief (NYSE:KRG) will report gross sales of $67.46 million for the present quarter, in keeping with Zacks Investment Research. 4 analysts have supplied estimates for Kite Realty Group Belief’s earnings, with the bottom gross sales estimate coming in at $66.60 million and the best estimate coming in at $68.12 million. Kite Realty Group Belief posted gross sales of $63.31 million in the identical quarter final 12 months, which might point out a constructive 12 months over 12 months progress fee of 6.6%. The corporate is anticipated to announce its subsequent quarterly earnings report after the market closes on Monday, August 2nd.
On common, analysts count on that Kite Realty Group Belief will report full 12 months gross sales of $273.10 million for the present fiscal 12 months, with estimates starting from $270.60 million to $274.56 million. For the following 12 months, analysts anticipate that the corporate will submit gross sales of $281.22 million, with estimates starting from $279.50 million to $282.80 million. Zacks’ gross sales averages are a mean based mostly on a survey of analysis companies that cowl Kite Realty Group Belief.
Kite Realty Group Belief (NYSE:KRG) final issued its quarterly earnings information on Thursday, April twenty ninth. The true property funding belief reported $0.29 EPS for the quarter, lacking the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Kite Realty Group Belief had a return on fairness of 0.68% and a internet margin of three.17%.
A number of brokerages just lately commented on KRG. Zacks Investment Research downgraded shares of Kite Realty Group Belief from a “purchase” ranking to a “maintain” ranking in a analysis report on Saturday. KeyCorp raised their value goal on shares of Kite Realty Group Belief from $22.00 to $23.00 and gave the corporate an “chubby” ranking in a report on Thursday, Could sixth. Lastly, Raymond James raised their value goal on shares of Kite Realty Group Belief from $24.00 to $25.00 and gave the corporate an “outperform” ranking in a report on Thursday, June seventeenth. Two analysts have rated the inventory with a maintain ranking and 5 have given a purchase ranking to the inventory. Kite Realty Group Belief has a consensus ranking of “Purchase” and a mean goal value of $20.80.
Shares of Kite Realty Group Trust stock opened at $21.70 on Friday. The corporate has a debt-to-equity ratio of 1.07, a fast ratio of three.86 and a present ratio of three.86. The inventory has a 50-day easy shifting common of $21.44. The corporate has a market cap of $1.83 billion, a price-to-earnings ratio of 217.02, a price-to-earnings-growth ratio of 4.49 and a beta of 1.48. Kite Realty Group Belief has a 1 12 months low of $9.27 and a 1 12 months excessive of $23.14.
The agency additionally just lately disclosed a quarterly dividend, which might be paid on Friday, July sixteenth. Traders of report on Friday, July ninth might be issued a $0.18 dividend. This is a rise from Kite Realty Group Belief’s earlier quarterly dividend of $0.17. The ex-dividend date is Thursday, July eighth. This represents a $0.72 dividend on an annualized foundation and a dividend yield of three.32%. Kite Realty Group Belief’s dividend payout ratio (DPR) is presently 52.71%.
A number of institutional traders and hedge funds have just lately purchased and offered shares of the inventory. BlackRock Inc. boosted its holdings in shares of Kite Realty Group Belief by 3.4% within the first quarter. BlackRock Inc. now owns 15,286,708 shares of the true property funding belief’s inventory value $294,882,000 after shopping for a further 501,818 shares over the past quarter. Fuller & Thaler Asset Administration Inc. boosted its holdings in shares of Kite Realty Group Belief by 3.5% within the fourth quarter. Fuller & Thaler Asset Administration Inc. now owns 4,426,659 shares of the true property funding belief’s inventory value $66,223,000 after shopping for a further 149,150 shares over the past quarter. JPMorgan Chase & Co. boosted its holdings in shares of Kite Realty Group Belief by 100.0% within the first quarter. JPMorgan Chase & Co. now owns 3,013,372 shares of the true property funding belief’s inventory value $58,128,000 after shopping for a further 1,506,640 shares over the past quarter. Funding Counselors of Maryland LLC boosted its holdings in shares of Kite Realty Group Belief by 3.5% within the first quarter. Funding Counselors of Maryland LLC now owns 2,407,314 shares of the true property funding belief’s inventory value $46,437,000 after shopping for a further 82,406 shares over the past quarter. Lastly, Geode Capital Administration LLC boosted its holdings in shares of Kite Realty Group Belief by 7.2% within the first quarter. Geode Capital Administration LLC now owns 1,674,434 shares of the true property funding belief’s inventory value $32,299,000 after shopping for a further 113,068 shares over the past quarter. 96.13% of the inventory is presently owned by institutional traders.
About Kite Realty Group Belief
Kite Realty Group Belief is a full-service, vertically built-in actual property funding belief (REIT) that gives communities with handy and useful procuring experiences. We join shoppers to retailers in fascinating markets by means of our portfolio of neighborhood, group, and way of life facilities.
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