NYSE:KRG

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

$21.24
+0.19 (+0.90%)
(As of 05/17/2024 ET)
Today's Range
$20.93
$21.25
50-Day Range
$19.92
$21.83
52-Week Range
$19.16
$24.26
Volume
1.44 million shs
Average Volume
1.82 million shs
Market Capitalization
$4.66 billion
P/E Ratio
81.70
Dividend Yield
4.71%
Price Target
$26.00

Kite Realty Group Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
22.4% Upside
$26.00 Price Target
Short Interest
Healthy
2.81% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.27
Upright™ Environmental Score
News Sentiment
1.40mentions of Kite Realty Group Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.90%
From $2.05 to $2.13 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.71 out of 5 stars

Finance Sector

360th out of 873 stocks

Real Estate Investment Trusts Industry

66th out of 184 stocks

KRG stock logo

About Kite Realty Group Trust Stock (NYSE:KRG)

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.

KRG Stock Price History

KRG Stock News Headlines

Kite Realty Group Trust (NYSE:KRG) Short Interest Up 5.5% in April
Q1 2024 Kite Realty Group Trust Earnings Call
3 Russell 2000 Stocks to Buy Now: Q2 Edition
KRG: Raising target price to $23.00
Kite Realty Group Trust (KRG)
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 4/12 Dividend
4/04/2024
Dividend Payable
4/12/2024
Today
5/17/2024
Next Earnings (Estimated)
7/29/2024
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
$26.00
High Stock Price Target
$30.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+22.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$47.50 million
Pretax Margin
6.14%

Debt

Sales & Book Value

Annual Sales
$823 million
Cash Flow
$2.07 per share
Book Value
$16.09 per share

Miscellaneous

Free Float
215,212,000
Market Cap
$4.66 billion
Optionable
Optionable
Beta
1.28
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Key Executives

  • Mr. John A. KiteMr. John A. Kite (Age 58)
    Chairman of the Board of Trustees & CEO
    Comp: $3.84M
  • Mr. Thomas K. McGowan (Age 59)
    President & COO
    Comp: $1.68M
  • Mr. Heath R. Fear (Age 55)
    Executive VP & CFO
    Comp: $1.71M
  • Mr. David E. Buell (Age 42)
    Senior VP & Chief Accounting Officer
    Comp: $331.48k
  • Mr. Tyler Henshaw
    Senior Vice President of Capital Markets, Investor Relations & Corporate Finance
  • Mr. Pat Casey
    Senior VP & CTO
  • Mr. Dean Papadakis
    Senior VP, Chief Legal Officer & Corporate Secretary
  • Mr. Bryan McCarthy
    Senior Vice President of Corporate Marketing & Communications
  • Ms. Mellissa M. Boggs SPHR
    Executive Vice President of Employee Experience
  • Mr. Mark Jenkins
    Senior Vice President of Development

KRG Stock Analysis - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kite Realty Group Trust in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KRG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KRG, but not buy additional shares or sell existing shares.
View KRG analyst ratings
or view top-rated stocks.

What is Kite Realty Group Trust's stock price target for 2024?

5 brokers have issued 1-year price targets for Kite Realty Group Trust's stock. Their KRG share price targets range from $21.00 to $30.00. On average, they expect the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 22.4% 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 2024?

Kite Realty Group Trust's stock was trading at $22.86 at the beginning of the year. Since then, KRG stock has decreased by 7.1% and is now trading at $21.24.
View the best growth stocks for 2024 here
.

Are investors shorting Kite Realty Group Trust?

Kite Realty Group Trust saw a increase in short interest in April. As of April 30th, there was short interest totaling 6,170,000 shares, an increase of 5.5% from the April 15th total of 5,850,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 3.1 days.
View Kite Realty Group Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our KRG earnings forecast
.

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

Kite Realty Group Trust (NYSE:KRG) announced its 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 6.83% and a trailing twelve-month return on equity of 1.56%. During the same quarter last year, the firm earned $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 declared a quarterly dividend on Friday, April 26th. Investors of record on Tuesday, July 9th will be paid a dividend of $0.25 per share on Tuesday, July 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, July 5th.
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 $1.00 per share and currently has a dividend yield of 4.73%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 384.63%. 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 46.95% 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 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 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 2.020-2.080 for the period, compared to the consensus estimate of 2.020. 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

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 Vanguard Group Inc. (15.30%), William Blair Investment Management LLC (0.89%), BROOKFIELD Corp ON (0.51%), Kennedy Capital Management LLC (0.47%), Principal Financial Group Inc. (0.43%) and LSV Asset Management (0.42%). Insiders that own company stock include Charles H Wurtzebach, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KRG) was last updated on 5/18/2024 by MarketBeat.com Staff

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