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

$7.24
-0.39 (-5.11 %)
(As of 04/5/2020 03:19 AM ET)
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Today's Range
$6.87
Now: $7.24
$7.74
50-Day Range
$7.63
MA: $14.13
$18.00
52-Week Range
$6.87
Now: $7.24
$19.77
Volume1.11 million shs
Average Volume904,267 shs
Market Capitalization$608.38 million
P/E RatioN/A
Dividend Yield16.65%
Beta1.36
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.
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Kite Realty Group Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.60 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP49803T10
Phone317-577-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$315.17 million
Cash Flow$1.46 per share
Book Value$15.36 per share

Profitability

Net Income$-530,000.00

Miscellaneous

Employees144
Market Cap$608.38 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Kite Realty Group Trust (NYSE:KRG) Frequently Asked Questions

How has Kite Realty Group Trust's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of Kite Realty Group Trust?

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.

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

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.

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

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.

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 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.

When did Kite Realty Group Trust's stock split? How did Kite Realty Group Trust's stock split work?

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.

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

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.

What price target have analysts set for KRG?

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.

Has Kite Realty Group Trust been receiving favorable news coverage?

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.

Are investors shorting Kite 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.

Who are some of Kite Realty Group Trust's key competitors?

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

Who are Kite Realty Group Trust's key executives?

Kite Realty Group Trust's management team includes the following people:
  • Mr. John A. Kite, Chairman & CEO (Age 53)
  • Mr. Thomas K. McGowan, Pres and Chief Operating Officer (Age 54)
  • Mr. Heath R. Fear, Exec. VP & CFO (Age 50)
  • Mr. David E. Buell, Sr. VP & Chief Accounting Officer (Age 37)
  • Mr. Scott E. Murray, Exec. VP, Gen. Counsel & Corp. Sec. (Age 45)

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."

How do I buy shares of Kite Realty Group Trust?

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.

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

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

How big of a company is Kite Realty Group Trust?

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.

What is Kite Realty Group Trust's official website?

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

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 real estate investment trust can be reached via phone at 317-577-5600 or via email at [email protected]

This page was last updated on 4/5/2020 by MarketBeat.com Staff

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