NYSE:KRGKite Realty Group Trust Stock Price, Forecast & News

Kite Realty Group Trust's stock was trading at $14.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, KRG shares have decreased by 51.5% and is now trading at $7.24. View which stocks have been mosted impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kite Realty Group Trust in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Kite Realty Group Trust.

Kite Realty Group Trust is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Kite Realty Group Trust.

Kite Realty Group Trust (NYSE:KRG) issued its quarterly earnings data on Tuesday, February, 18th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.39 by $0.18. The real estate investment trust earned $75.27 million during the quarter, compared to analyst estimates of $73.17 million. Kite Realty Group Trust had a negative return on equity of 0.04% and a negative net margin of 0.16%. The company's revenue was down 13.4% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. View Kite Realty Group Trust's earnings history.

Kite Realty Group Trust announced a quarterly dividend on Thursday, February 13th. Investors of record on Friday, March 27th will be given a dividend of $0.317 per share on Friday, April 3rd. This represents a $1.27 dividend on an annualized basis and a yield of 17.51%. The ex-dividend date of this dividend is Thursday, March 26th. View Kite Realty Group Trust's dividend history.

Shares of Kite Realty Group Trust reverse split on the morning of 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 Kite Realty Group Trust stock prior to the reverse split would have 25 shares after the split.

Kite Realty Group Trust issued an update on its FY20 earnings guidance on Tuesday, February, 18th. The company provided EPS guidance of $1.48 to $1.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.54.

7 brokers have issued 12-month target prices for Kite Realty Group Trust's stock. Their forecasts range from $16.00 to $19.50. On average, they expect Kite Realty Group Trust's stock price to reach $18.00 in the next year. This suggests a possible upside of 148.6% from the stock's current price. View analysts' price targets for Kite Realty Group Trust.

Media headlines about KRG stock have trended very negative recently, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Kite Realty Group Trust earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutKite Realty Group Trust.

Kite Realty Group Trust saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,958,900 shares, a drop of 14.5% from the February 27th total of 3,460,000 shares. Based on an average trading volume of 741,600 shares, the days-to-cover ratio is currently 4.0 days. Approximately 3.6% of the shares of the company are sold short. View Kite Realty Group Trust's Current Options Chain.

Some companies that are related to Kite Realty Group Trust include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Getty Realty (GTY) and Macerich (MAC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Kite Realty Group Trust investors own include New Residential Investment (NRZ), AT&T (T), Simon Property Group (SPG), Innovative Industrial Properties (IIPR), Omega Healthcare Investors (OHI), Energy Transfer LP Unit (ET), Starwood Property Trust (STWD), Brixmor Property Group (BRX), EPR Properties (EPR) and Ford Motor (F).

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

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

One share of KRG stock can currently be purchased for approximately $7.24.

Kite Realty Group Trust has a market capitalization of $608.38 million and generates $315.17 million in revenue each year. The real estate investment trust earns $-530,000.00 in net income (profit) each year or $1.66 on an earnings per share basis. Kite Realty Group Trust employs 144 workers across the globe. View additional information about Kite Realty Group Trust.

The official website for Kite Realty Group Trust is http://www.kiterealty.com/.

Kite Realty Group Trust's mailing address is 30 S MERIDIAN STREET SUITE 1100, INDIANAPOLIS IN, 46204. The real estate investment trust can be reached via phone at 317-577-5600 or via email at [email protected]