Kite Realty Group Trust (KRG) Stock Price, News & Analysis

Company Overview

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. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.

Key Stats

• Today's Range: $25.80 to $26.12
• 50-Day Range: $24.13 to $26.83
• 52-Week Range: $19.64 to $27.15
• Volume: 2.00 million shs
• Average Volume: 1.59 million shs
• Market Capitalization: $5.69 billion
• P/E Ratio: N/A
• Dividend Yield: 4.02%
• Price Target: $28.00
• Consensus Rating: Moderate Buy

Kite Realty Group Trust Stock Analysis - MarketRank™

Kite Realty Group Trust scored higher than 83% of companies evaluated by MarketBeat, and ranked 253rd out of 910 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kite Realty Group Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kite Realty Group Trust has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 3.40%

Earnings Growth

Earnings for Kite Realty Group Trust are expected to grow by 3.40% in the coming year, from $2.06 to $2.13 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kite Realty Group Trust is -235.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kite Realty Group Trust is -235.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Kite Realty Group Trust has a PEG Ratio of 3.93. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Kite Realty Group Trust has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.48% of the outstanding shares of Kite Realty Group Trust have been sold short.

Short Interest Ratio / Days to Cover

Kite Realty Group Trust has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Kite Realty Group Trust has recently decreased by 13.35%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Kite Realty Group Trust is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Kite Realty Group Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kite Realty Group Trust is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Kite Realty Group Trust will have a dividend payout ratio of 48.83% next year. This indicates that Kite Realty Group Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.6 / 5
• Environmental Score: -2.29

Percentage of Shares Shorted

2.48% of the outstanding shares of Kite Realty Group Trust have been sold short.

Short Interest Ratio / Days to Cover

Kite Realty Group Trust has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Kite Realty Group Trust has recently decreased by 13.35%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.39

News Sentiment

Kite Realty Group Trust has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Kite Realty Group Trust this week, compared to 3 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Kite Realty Group Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $999,506.00 in company stock.

Percentage Held by Insiders

Only 2.00% of the stock of Kite Realty Group Trust is held by insiders.

Percentage Held by Institutions

90.81% of the stock of Kite Realty Group Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KRG Stock Analysis - Frequently Asked Questions

How have KRG shares performed this year?

Kite Realty Group Trust's stock was trading at $22.86 at the beginning of 2024. Since then, KRG stock has increased by 13.3% and is now trading at $25.90.
View the best growth stocks for 2024 here.

How were Kite Realty Group Trust's earnings last quarter?

Kite Realty Group Trust (NYSE:KRG) announced its quarterly earnings data on Monday, February, 13th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.52. The real estate investment trust had revenue of $204.69 million for the quarter, compared to the consensus estimate of $200 million. Kite Realty Group Trust had a negative net margin of 2.95% and a negative trailing twelve-month return on equity of 0.69%.

When did Kite Realty Group Trust's stock split?

Kite Realty Group Trust's stock reverse split on Tuesday, August 12th 2014. The 1-4 reverse split was announced on Tuesday, July 22nd 2014. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 11th 2014. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are Kite Realty Group Trust's major shareholders?

Kite Realty Group Trust's top institutional investors include Oliver Luxxe Assets LLC (0.04%), Presima Securities ULC (0.04%), Handelsbanken Fonder AB (0.03%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Steven P Grimes, John A Kite, Charles H Wurtzebach and Gerald M Gorski.
View institutional ownership trends.

How do I buy shares of Kite Realty Group Trust?

Shares of KRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Kite Realty Group Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kite Realty Group Trust investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Home Depot (HD), Walmart (WMT) and Chevron (CVX).

Company Calendar

• Last Earnings: 2/13/2023
• Ex-Dividend for 10/16 Dividend: 10/09/2024
• Dividend Payable: 10/16/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/30/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:KRG
• CUSIP: 49803T10
• CIK: 1286043
• Web: www.kiterealty.com
• Phone: (317) 577-5600
• Fax: 317-557-5605
• Employees: 229
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $28.00
• High Stock Price Target: $33.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +8.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.26
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 12.57
• P/E Growth: 3.93
• Net Income: $47.50 million
• Net Margins: -2.95%
• Pretax Margin: -4.21%
• Return on Equity: -0.69%
• Return on Assets: -0.35%

Debt

• Debt-to-Equity Ratio: 0.88
• Current Ratio: 2.08
• Quick Ratio: 2.08

Sales & Book Value

• Annual Sales: $827.37 million
• Price / Sales: 6.87
• Cash Flow: $2.07 per share
• Price / Cash Flow: 12.49
• Book Value: $16.27 per share
• Price / Book: 1.59

Miscellaneous

• Outstanding Shares: 219,604,000
• Free Float: 215,273,000
• Market Cap: $5.69 billion
• Optionable: Optionable
• Beta: 1.29