Free Trial

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

$26.38
-0.38 (-1.42%)
(As of 02:15 PM ET)

About Kite Realty Group Trust Stock (NYSE:KRG)

Key Stats

Today's Range
$26.29
$27.00
50-Day Range
$22.89
$26.83
52-Week Range
$19.64
$27.15
Volume
737,182 shs
Average Volume
1.60 million shs
Market Capitalization
$5.79 billion
P/E Ratio
101.47
Dividend Yield
3.94%
Price Target
$28.00
Consensus Rating
Moderate Buy

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.

Kite Realty Group Trust Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 80th Percentile

Kite Realty Group Trust scored higher than 80% of companies evaluated by MarketBeat, and ranked 279th out of 908 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Kite Realty Group Trust's stock forecast and price target.
  • 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 101.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kite Realty Group Trust is 101.31, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.41.

  • Price to Earnings Growth Ratio

    Kite Realty Group Trust has a PEG Ratio of 3.97. 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 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Kite Realty Group Trust's valuation and earnings.
  • Percentage of Shares Shorted

    2.91% 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 4.7.
  • Change versus previous month

    Short interest in Kite Realty Group Trust has recently increased by 3.90%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Kite Realty Group Trust is a leading dividend payer. It pays a dividend yield of 3.73%, 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.

  • Read more about Kite Realty Group Trust's dividend.
  • Percentage of Shares Shorted

    2.91% 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 4.7.
  • Change versus previous month

    Short interest in Kite Realty Group Trust has recently increased by 3.90%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Kite Realty Group Trust has a news sentiment score of 1.06. 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 0.58 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Kite Realty Group Trust this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for KRG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Kite Realty Group Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • 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.

  • Read more about Kite Realty Group Trust's insider trading history.
Receive KRG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Kite Realty Group Trust and its competitors with MarketBeat's FREE daily newsletter.

KRG Stock News Headlines

Biden's Executive Order, Dems Digital Money Legislation, First Step To
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.
Kite Realty Group (KRG) Gets a Buy from Compass Point
See More Headlines

KRG Stock Analysis - Frequently Asked Questions

Kite Realty Group Trust's stock was trading at $22.86 at the beginning of the year. Since then, KRG stock has increased by 15.2% and is now trading at $26.34.
View the best growth stocks for 2024 here
.

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

Kite Realty Group Trust's stock reverse split before market open 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 market closes 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.

Kite Realty Group Trust's top institutional investors include Dimensional Fund Advisors LP (1.49%), Millennium Management LLC (1.17%), Bank of New York Mellon Corp (1.00%) and American Century Companies Inc. (0.95%). Insiders that own company stock include Steven P Grimes, John A Kite, Charles H Wurtzebach and Gerald M Gorski.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Kite Realty Group Trust investors own include New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Innovative Industrial Properties (IIPR), AT&T (T), Brixmor Property Group (BRX), Energy Transfer (ET) and Medical Properties Trust (MPW).

Company Calendar

Last Earnings
2/13/2023
Ex-Dividend for 7/16 Dividend
7/09/2024
Dividend Payable
7/16/2024
Today
9/19/2024
Ex-Dividend for 10/16 Dividend
10/09/2024
Dividend Payable
10/16/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
49803T10
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
+6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$47.50 million
Pretax Margin
-4.21%

Debt

Sales & Book Value

Annual Sales
$827.37 million
Cash Flow
$2.09 per share
Book Value
$16.27 per share

Miscellaneous

Free Float
215,212,000
Market Cap
$5.80 billion
Optionable
Optionable
Beta
1.29
Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

This page (NYSE:KRG) was last updated on 9/19/2024 by MarketBeat.com Staff
From Our Partners