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

6 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, 3 hold ratings and 2 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.
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6 equities research analysts have issued twelve-month price objectives for Kite Realty Group Trust's stock. Their KRG share price targets range from $21.00 to $28.00. On average, they anticipate the company's stock price to reach $25.57 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
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Kite Realty Group Trust's stock was trading at $21.05 on January 1st, 2023. Since then, KRG stock has decreased by 1.9% and is now trading at $20.65.
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Kite Realty Group Trust saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 6,880,000 shares, an increase of 31.8% from the October 31st total of 5,220,000 shares. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is presently 4.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our KRG earnings forecast.

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 for the quarter, missing the consensus estimate of $0.40 by $0.48. Kite Realty Group Trust had a trailing twelve-month return on equity of 1.04% and a net margin of 4.64%. During the same quarter in the prior year, the firm earned $0.34 EPS.

Kite Realty Group Trust announced a quarterly dividend on Friday, October 27th. Investors of record on Friday, January 5th will be paid a dividend of $0.25 per share on Friday, January 12th. This represents a $1.00 annualized dividend and a yield of 4.84%. The ex-dividend date is Thursday, January 4th. This is an increase from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for KRG.

Kite Realty Group Trust (NYSE:KRG) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.61%. 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 564.71%. 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 46.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRG.

ETFs with the largest weight of Kite Realty Group Trust (NYSE:KRG) stock in their portfolio include First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Invesco Dorsey Wright Financial Momentum ETF (PFI), JPMorgan Active Small Cap Value ETF (JPSV), iShares US Credit Bond ETF (CRED), FlexShares Global Quality Real Estate Index Fund (GQRE), SPDR Dow Jones REIT ETF (RWR), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and First Trust S&P REIT Index Fund (FRI).

Shares of Kite Realty Group Trust 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 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.

Kite Realty Group Trust issued an update on its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $1.99-2.03 for the period, compared to the consensus estimate of $1.97.

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.

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

Kite Realty Group Trust's stock is owned by many different retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (5.72%), Deutsche Bank AG (3.44%), Deutsche Bank AG (3.44%), Fuller & Thaler Asset Management Inc. (2.54%), Northern Trust Corp (1.52%) and Charles Schwab Investment Management Inc. (1.48%). Insiders that own company stock include Charles H Wurtzebach, Gerald M Gorski, John A Kite and Steven P Grimes.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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