Kite Realty Group Trust (NYSE:KRG – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.040-2.080 for the period, compared to the consensus estimate of 2.050. The company issued revenue guidance of -.
Kite Realty Group Trust Stock Down 1.9 %
KRG stock traded down $0.46 during mid-day trading on Friday, reaching $24.32. 2,754,976 shares of the company traded hands, compared to its average volume of 1,688,462. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 93.54, a P/E/G ratio of 6.22 and a beta of 1.30. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $25.56. The firm’s 50 day moving average price is $22.54 and its 200 day moving average price is $21.68.
Kite Realty Group Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 9th. This represents a $1.04 dividend on an annualized basis and a yield of 4.28%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.25. Kite Realty Group Trust’s payout ratio is 384.63%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on KRG
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.
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