Kite Realty Group Trust (NYSE:KRG) Releases Quarterly Earnings Results, Beats Estimates By $0.35 EPS

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Kite Realty Group Trust (NYSE:KRG) reported strong Q4 earnings, beating analyst estimates by $0.35 EPS with $0.86 earnings per share, and revenue of $204.94 million, largely in line with expectations. The company also increased its quarterly dividend to $0.29 (annualized $1.16), despite a high payout ratio of 181.25%. Analysts hold a consensus “Hold” rating for KRG, with an average target price of $25.43.

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