Kite Realty Group Trust (NYSE:KRG) Releases 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, topping 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 %

NYSE KRG opened at $23.66 on Wednesday. The business has a 50 day simple moving average of $24.51 and a two-hundred day simple moving average of $25.49. 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 1-year low of $19.64 and a 1-year high of $28.24.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird lifted their target price on 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. Wells Fargo & Company cut their target price on 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. KeyCorp increased their target price on 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. Finally, Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. 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’s stock. Based on data from MarketBeat.com, Kite Realty Group Trust has an average rating of “Moderate Buy” and an average 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.