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

Kite Realty Group Trust (NYSE:KRG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Kite Realty Group Trust to post earnings of $0.51 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock opened at $25.82 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $26.03 and its 200-day moving average price is $23.59. The firm has a market cap of $5.67 billion, a P/E ratio of -234.73, a P/E/G ratio of 3.99 and a beta of 1.29. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $27.15.

Insider Activity at Kite Realty Group Trust

In related news, Director Steven P. Grimes sold 37,295 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $26.80, for a total value of $999,506.00. Following the completion of the transaction, the director now owns 732,252 shares of the company’s stock, valued at approximately $19,624,353.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KRG shares. KeyCorp boosted their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Piper Sandler upped their target price on Kite Realty Group Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Wells Fargo & Company upgraded Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $26.00 in a report on Wednesday, August 28th. Robert W. Baird upped their price objective on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Raymond James raised Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kite Realty Group Trust has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.