Kite Realty Group Trust (NYSE:KRG – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.060-2.080 for the period, compared to the consensus estimate of 2.060. The company issued revenue guidance of -. Kite Realty Group Trust also updated its FY24 guidance to $2.06-2.08 EPS.
Kite Realty Group Trust Trading Up 0.5 %
Shares of KRG stock traded up $0.13 during mid-day trading on Friday, reaching $25.80. The company’s stock had a trading volume of 1,745,587 shares, compared to its average volume of 1,591,862. The company’s 50 day simple moving average is $26.08 and its 200-day simple moving average is $23.74. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $27.15. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $5.67 billion, a PE ratio of -645.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.29.
Kite Realty Group Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently -2,600.00%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on KRG
Insider Transactions at Kite Realty Group Trust
In other news, Director Steven P. Grimes sold 37,295 shares of Kite Realty Group Trust stock in a transaction that occurred on 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 in the company, valued at approximately $19,624,353.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.
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.
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