$0.50 EPS Expected for Kite Realty Group Trust (KRG)

July 27, 2018 - By Palma Niemeyer

Kite Realty Group Trust (NYSE:KRG) LogoInvestors sentiment increased to 1.39 in Q1 2018. Its up 0.03, from 1.36 in 2017Q4. It improved, as 20 investors sold Kite Realty Group Trust shares while 55 reduced holdings. 28 funds opened positions while 76 raised stakes. 72.49 million shares or 3.32% less from 74.98 million shares in 2017Q4 were reported.
Guggenheim Cap Limited Liability Corp, Illinois-based fund reported 50,816 shares. New York State Teachers Retirement stated it has 0.01% of its portfolio in Kite Realty Group Trust (NYSE:KRG). Arizona State Retirement Systems has invested 0.02% in Kite Realty Group Trust (NYSE:KRG). State Street Corporation stated it has 3.31M shares. Tiaa Cref Investment Mngmt Llc stated it has 0% in Kite Realty Group Trust (NYSE:KRG). Pennsylvania-based Pnc Financial Services Gp has invested 0% in Kite Realty Group Trust (NYSE:KRG). Pub Employees Retirement Sys Of Ohio reported 101,967 shares. Northern Trust holds 0.01% or 1.79M shares in its portfolio. Assetmark accumulated 0% or 4,011 shares. 108,600 were accumulated by Presima Inc. Huntington Bank & Trust holds 0% or 724 shares. Royal Bancorp Of Canada invested 0% in Kite Realty Group Trust (NYSE:KRG). Riverhead Capital Mgmt invested 0.01% in Kite Realty Group Trust (NYSE:KRG). Barclays Plc accumulated 0% or 160,374 shares. Independent Order Of Foresters has 0.13% invested in Kite Realty Group Trust (NYSE:KRG) for 9,159 shares.

Since February 5, 2018, it had 4 insider purchases, and 0 insider sales for $1.82 million activity. 100,000 shares were bought by BINDLEY WILLIAM E, worth $1.51M on Monday, February 5. Peterson Barton R also bought $200,784 worth of Kite Realty Group Trust (NYSE:KRG) shares. WURTZEBACH CHARLES H also bought $96,690 worth of Kite Realty Group Trust (NYSE:KRG) shares.

Analysts expect Kite Realty Group Trust (NYSE:KRG) to report $0.50 EPS on August, 1 after the close.They anticipate $0.04 EPS change or 7.41 % from last quarter’s $0.54 EPS. KRG’s profit would be $42.88 million giving it 8.39 P/E if the $0.50 EPS is correct. After having $0.51 EPS previously, Kite Realty Group Trust’s analysts see -1.96 % EPS growth. The stock increased 0.42% or $0.07 during the last trading session, reaching $16.78. About 529,641 shares traded. Kite Realty Group Trust (NYSE:KRG) has declined 20.60% since July 27, 2017 and is downtrending. It has underperformed by 33.17% the S&P500.

Kite Realty Group Trust (NYSE:KRG) Ratings Coverage

Among 7 analysts covering Kite Realty Gr Trust (NYSE:KRG), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Kite Realty Gr Trust has $22 highest and $1500 lowest target. $18’s average target is 7.27% above currents $16.78 stock price. Kite Realty Gr Trust had 8 analyst reports since January 30, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, February 5 by DA Davidson. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 30. The rating was maintained by Sandler O’Neill with “Hold” on Tuesday, March 20. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, March 20 report. On Tuesday, April 24 the stock rating was maintained by Sandler O’Neill with “Hold”. On Tuesday, February 6 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Hold” rating on Friday, February 2 by Bank of America. The firm earned “Equal-Weight” rating on Monday, February 5 by Capital One.

Kite Realty Group Trust is a publicly owned real estate investment trust. The company has market cap of $1.44 billion. The firm invests in real estate markets of the United States. It currently has negative earnings. It engages in ownership, operation, management, leasing, acquisition, construction, expansion, and development and redevelopment of operating retail properties, retail properties under development, operating commercial properties, parking garage, commercial property under development, parcels of land, shopping, dining, and entertainment properties.

Another recent and important Kite Realty Group Trust (NYSE:KRG) news was published by Seekingalpha.com which published an article titled: “Can City Office REIT Deliver The Goods?” on July 11, 2018.

Kite Realty Group Trust (NYSE:KRG) Ratings Chart

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