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

$20.96
-0.38 (-1.78%)
(As of 01:03 PM ET)
Compare
Today's Range
$20.82
$21.36
50-Day Range
$19.31
$21.16
52-Week Range
$16.42
$23.10
Volume
568,224 shs
Average Volume
1.56 million shs
Market Capitalization
$4.60 billion
P/E Ratio
698.90
Dividend Yield
4.58%
Price Target
$24.78

Kite Realty Group Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
18.2% Upside
$24.78 Price Target
Short Interest
Healthy
3.40% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.77
Upright™ Environmental Score
News Sentiment
1.57mentions of Kite Realty Group Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.62%
From $1.95 to $2.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Finance Sector

632nd out of 862 stocks

Real Estate Investment Trusts Industry

139th out of 190 stocks


KRG stock logo

About Kite Realty Group Trust (NYSE:KRG) Stock

Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.

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KRG Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Q1 2023 Kite Realty Group Trust Earnings Call
Kite Realty Group Trust is Oversold
See More Headlines

KRG Price History

KRG Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 4/14 Dividend
4/05/2023
Dividend Payable
4/14/2023
Today
6/08/2023
Ex-Dividend for 7/14 Dividend
7/06/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
49803T10
Employees
241
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$24.78
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$-12,640,000.00
Pretax Margin
1.14%

Debt

Sales & Book Value

Annual Sales
$802 million
Cash Flow
$2.05 per share
Book Value
$17.21 per share

Miscellaneous

Free Float
215,597,000
Market Cap
$4.59 billion
Optionable
Optionable
Beta
1.37

Key Executives

  • John A. KiteJohn A. Kite
    Chairman & Chief Executive Officer
  • Thomas K. McGowan
    President & Chief Operating Officer
  • Heath R. Fear
    Chief Financial Officer & Executive Vice President
  • Pat Casey
    Chief Technology Officer & Senior Vice President
  • David E. Buell
    Chief Accounting Officer & Senior Vice President













KRG Stock - Frequently Asked Questions

Should I buy or sell Kite Realty Group Trust stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kite Realty Group Trust in the last year. There are currently 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" KRG shares.
View KRG analyst ratings
or view top-rated stocks.

What is Kite Realty Group Trust's stock price forecast for 2023?

10 brokers have issued twelve-month price targets for Kite Realty Group Trust's shares. Their KRG share price forecasts range from $20.00 to $28.00. On average, they expect the company's share price to reach $24.78 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for KRG
or view top-rated stocks among Wall Street analysts.

How have KRG shares performed in 2023?

Kite Realty Group Trust's stock was trading at $21.05 at the beginning of the year. Since then, KRG shares have increased by 1.4% and is now trading at $21.34.
View the best growth stocks for 2023 here
.

When is Kite Realty Group Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our KRG earnings forecast
.

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

Kite Realty Group Trust (NYSE:KRG) announced its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.48. Kite Realty Group Trust had a net margin of 1.17% and a trailing twelve-month return on equity of 0.25%. During the same period in the prior year, the firm posted $0.34 EPS.

How often does Kite Realty Group Trust pay dividends? What is the dividend yield for Kite Realty Group Trust?

Kite Realty Group Trust announced a quarterly dividend on Friday, April 28th. Stockholders of record on Friday, July 7th will be given a dividend of $0.24 per share on Friday, July 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Thursday, July 6th.
Read our dividend analysis for KRG
.

Is Kite Realty Group Trust a good dividend stock?

Kite Realty Group Trust (NYSE:KRG) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.77%. KRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 3,201.07%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KRG will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRG.

When did Kite Realty Group Trust's stock split?

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.

What guidance has Kite Realty Group Trust issued on next quarter's earnings?

Kite Realty Group Trust updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.92-$1.98 for the period, compared to the consensus EPS estimate of $1.93. The company issued revenue guidance of -.

What is John A. Kite's approval rating as Kite Realty Group Trust's CEO?

11 employees have rated Kite Realty Group Trust Chief Executive Officer John A. Kite on Glassdoor.com. John A. Kite has an approval rating of 50% among the company's employees. This puts John A. Kite in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Medical Properties Trust (MPW), Ventas (VTR), Simon Property Group (SPG) and

What is Kite Realty Group Trust's stock symbol?

Kite Realty Group Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRG."

Who are Kite Realty Group Trust's major shareholders?

Kite Realty Group Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.74%), State Street Corp (6.13%), Macquarie Group Ltd. (4.22%), JPMorgan Chase & Co. (4.07%), Deutsche Bank AG (2.88%) and Geode Capital Management LLC (2.13%). Insiders that own company stock include Gerald M Gorski, John A Kite and Steven P Grimes.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Kite Realty Group Trust's stock price today?

One share of KRG stock can currently be purchased for approximately $21.34.

How much money does Kite Realty Group Trust make?

Kite Realty Group Trust (NYSE:KRG) has a market capitalization of $4.68 billion and generates $802 million in revenue each year. The real estate investment trust earns $-12,640,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.

How many employees does Kite Realty Group Trust have?

The company employs 241 workers across the globe.

How can I contact Kite Realty Group Trust?

Kite Realty Group Trust's mailing address is 30 S MERIDIAN STREET SUITE 1100, INDIANAPOLIS IN, 46204. The official website for the company is www.kiterealty.com. The real estate investment trust can be reached via phone at (317) 577-5600, via email at hfear@kiterealty.com, or via fax at 317-557-5605.

This page (NYSE:KRG) was last updated on 6/8/2023 by MarketBeat.com Staff

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