Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States. As of December 31, 2016, the Company owned interests in 108 operating retail properties totaling approximately 21.4 million square feet of gross leasable area (including approximately 6.3 million square feet of non-owned anchor space) located in 20 states. As of December 31, 2016, the Company had an interest in two development projects under construction. In addition to its development projects, as of December 31, 2016, the Company had nine redevelopment projects. As of December 31, 2016, the Company owned interests in one office operating property and an associated parking garage.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Retail
- Sub-Industry: Retail REITs
- Symbol: NYSE:KRG
- CUSIP: 49803T10
- Web: www.kiterealty.com
- Market Cap: $1.56 billion
- Outstanding Shares: 83,573,000
- 50 Day Moving Avg: $20.39
- 200 Day Moving Avg: $22.52
- 52 Week Range: $17.74 - $30.45
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -373.60
- P/E Growth: 0.00
- Annual Revenue: $355.68 million
- Price / Sales: 4.39
- Book Value: $19.38 per share
- Price / Book: 0.96
- Annual Dividend: $1.21
- Dividend Yield: 6.3%
- EBIDTA: $219.21 million
- Net Margins: 0.45%
- Return on Equity: 0.10%
- Return on Assets: 0.04%
- Debt-to-Equity Ratio: 1.05%
- Current Ratio: 0.90%
- Quick Ratio: 0.85%
- Average Volume: 934,073 shs.
- Beta: 0.67
- Short Ratio: 3.95
Frequently Asked Questions for Kite Realty Group Trust (NYSE:KRG)
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 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, May 12th. Investors of record on Thursday, July 6th will be given a dividend of $0.3025 per share on Thursday, July 13th. This represents a $1.21 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Monday, July 3rd. 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.
How were Kite Realty Group Trust's earnings last quarter?
Kite Realty Group Trust (NYSE:KRG) released its quarterly earnings data on Wednesday, April, 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $90.10 million for the quarter, compared to the consensus estimate of $88.31 million. Kite Realty Group Trust had a net margin of 0.45% and a return on equity of 0.10%. Kite Realty Group Trust's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. View Kite Realty Group Trust's Earnings History.
What guidance has Kite Realty Group Trust issued on next quarter's earnings?
Kite Realty Group Trust updated its FY17 earnings guidance on Wednesday, April, 26th. The company provided earnings per share guidance of $2.00-$2.06 for the period, compared to the Thomson Reuters consensus estimate of $2.03.
Where is Kite Realty Group Trust's stock going? Where will Kite Realty Group Trust's stock price be in 2017?
7 analysts have issued 1 year target prices for Kite Realty Group Trust's shares. Their predictions range from $24.00 to $35.00. On average, they anticipate Kite Realty Group Trust's stock price to reach $27.67 in the next year. View Analyst Ratings for Kite Realty Group Trust.
What are analysts saying about Kite Realty Group Trust stock?
Here are some recent quotes from research analysts about Kite Realty Group Trust stock:
- 1. According to Zacks Investment Research, "Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust focused primarily on the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers in selected growth markets in the United States. They own interests in a portfolio of operating retail properties, retail properties under development, operating commercial properties, a related parking garage, commercial property under development and parcels of land that may be used for future development. " (5/17/2017)
- 2. Stifel Nicolaus analysts commented, "Kite Realty finished 2016 on a high note, generating same store NOI of 3.6% (4.5% excluding redevelopment) in 4Q and 2.9% (3.7% excluding redevelopment) in 2016, at the high-end of its 2.5%-3% guidance range. Same store NOI will likely decelerate in 2017 as redevelopment activity and recent store closures will weigh throughout much of the year. KRG is executing on its $150 million redevelopment pipeline, completing four projects in 4Q with another 10 in-process. KRG's significant balance sheet improvements culminated in 2016 with KRG's initial public bond offering, $300 million of ten-year notes at 4%, extending KRG's weighted average term to maturity and giving the REIT ample balance sheet flexibility." (2/6/2017)
Are investors shorting Kite Realty Group Trust?
Kite Realty Group Trust saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 3,496,356 shares, an increase of 53.4% from the March 31st total of 2,278,532 shares. Based on an average trading volume of 847,943 shares, the short-interest ratio is presently 4.1 days. Approximately 4.2% of the company's stock are short sold.
Who are some of Kite Realty Group Trust's key competitors?
Some companies that are related to Kite Realty Group Trust include Retail Properties of America (RPAI), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp (ROIC), American Assets Trust (AAT), CBL & Associates Properties (CBL), Saul Centers (BFS), Ramco-Gershenson Properties Trust (RPT), Getty Realty Corp. (GTY), Pennsylvania R.E.I.T. (PEI), Urstadt Biddle Properties (UBA), Cedar Realty Trust (CDR), Wheeler Real Estate Investment Trust (WHLR), Equity One (EQY), Inland Real Estate (IRC) and NRF Holdco LLC (NRF).
Who owns Kite Realty Group Trust stock?
Kite Realty Group Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.31%), BlackRock Inc. (14.76%), FMR LLC (7.98%), Principal Financial Group Inc. (4.08%), State Street Corp (3.94%) and American Century Companies Inc. (1.77%). Company insiders that own Kite Realty Group Trust stock include Daniel R Sink, John A Kite and Thomas R Olinger. View Institutional Ownership Trends for Kite Realty Group Trust.
Who sold Kite Realty Group Trust stock? Who is selling Kite Realty Group Trust stock?
Kite Realty Group Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Neuberger Berman Group LLC, Morgan Stanley, Alliancebernstein L.P., Wellington Management Group LLP, Ameriprise Financial Inc. and JPMorgan Chase & Co.. Company insiders that have sold Kite Realty Group Trust stock in the last year include Daniel R Sink, John A Kite and Thomas R Olinger. View Insider Buying and Selling for Kite Realty Group Trust.
Who bought Kite Realty Group Trust stock? Who is buying Kite Realty Group Trust stock?
Kite Realty Group Trust's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Principal Financial Group Inc., Forward Management LLC, Macquarie Group Ltd., Vanguard Group Inc., Presima Inc., Goldman Sachs Group Inc. and State Street Corp. View Insider Buying and Selling for Kite Realty Group Trust.
How do I buy Kite Realty Group Trust stock?
Shares of Kite Realty Group Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Kite Realty Group Trust stock cost?
One share of Kite Realty Group Trust stock can currently be purchased for approximately $18.68.
Earnings History for Kite Realty Group Trust (NYSE:KRG)Earnings History by Quarter for Kite Realty Group Trust (NYSE:KRG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2017||Q1 2017||$0.50||$0.51||$88.31 million||$90.10 million||View||N/A|
|2/2/2017||Q416||$0.50||$0.50||$89.02 million||$88.87 million||View||Listen|
|10/27/2016||Q316||$0.52||$0.52||$88.39 million||$89.10 million||View||N/A|
|7/28/2016||Q216||$0.51||$0.52||$87.30 million||$87.58 million||View||N/A|
|4/28/2016||Q116||$0.50||$0.52||$87.34 million||$88.55 million||View||N/A|
|2/4/2016||Q415||$0.50||$0.50||$87.50 million||$89.30 million||View||N/A|
|10/29/2015||Q3||$0.49||$0.51||$85.91 million||$87.40 million||View||Listen|
|7/29/2015||Q2||$0.48||$0.49||$84.62 million||$83.70 million||View||Listen|
|4/30/2015||Q115||$0.49||$0.50||$85.94 million||$86.80 million||View||N/A|
|2/5/2015||Q414||$0.51||$0.50||$89.50 million||$87.45 million||View||N/A|
|11/3/2014||Q314||$0.47||$0.51||$87.12 million||$88.58 million||View||N/A|
|7/31/2014||Q214||$0.13||$0.13||$42.25 million||$40.84 million||View||Listen|
|5/1/2014||Q413||$0.12||$0.13||$39.20 million||$42.60 million||View||Listen|
|2/21/2014||Q4||$0.11||$0.11||$33.38 million||$36.00 million||View||Listen|
|11/1/2013||Q313||$0.11||$0.13||$29.66 million||$32.67 million||View||Listen|
|8/2/2013||Q213||$0.10||$0.10||$27.83 million||$30.90 million||View||Listen|
|5/2/2013||Q1 2013||$0.11||$0.14||$28.37 million||$32.10 million||View||Listen|
|2/7/2013||Q4 2012||$0.11||$0.11||$28.82 million||View||Listen|
Earnings Estimates for Kite Realty Group Trust (NYSE:KRG)
2017 EPS Consensus Estimate: $1.98
2018 EPS Consensus Estimate: $2.12
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Kite Realty Group Trust (NYSE:KRG)
|Dividend Growth:||5.70% (3 Year Average)|
|Payout Ratio:||6,053.03% (Trailing 12 Months of Earnings) |
-2,420.00% (Based on This Year's Estimates)
-2,420.00% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Kite Realty Group Trust (NYSE:KRG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Kite Realty Group Trust (NYSE:KRG)
Insider Ownership Percentage: 1.19%Insider Trades by Quarter for Kite Realty Group Trust (NYSE:KRG)
Institutional Ownership Percentage: 93.36%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/31/2017||John A Kite||CEO||Sell||25,000||$21.51||$537,750.00|| |
|8/1/2016||Daniel R Sink||VP||Sell||16,625||$29.95||$497,918.75|| |
|8/1/2016||John A Kite||CEO||Sell||33,000||$30.09||$992,970.00|| |
|8/1/2016||Thomas R Olinger||CAO||Sell||5,500||$30.22||$166,210.00|| |
|2/10/2016||Thomas R. Olinger||CAO||Sell||2,283||$26.36||$60,179.88|| |
|12/1/2015||John A. Kite||CEO||Sell||10,000||$27.11||$271,100.00|| |
|6/22/2015||John A Kite||CEO||Sell||10,000||$27.03||$270,300.00|| |
|12/23/2013||John Kite||CEO||Sell||50,000||$6.55||$327,500.00|| |
|12/23/2013||Thomas Mcgowan||COO||Sell||133,560||$6.50||$868,140.00|| |
|8/27/2013||John A Kite||CEO||Sell||60,000||$5.98||$358,800.00|| |
|6/6/2013||John A Kite||CEO||Sell||29,990||$6.00||$179,940.00|| |
|12/3/2012||John A Kite||CEO||Sell||60,000||$5.40||$324,000.00|| |
Headline Trends for Kite Realty Group Trust (NYSE:KRG)
Latest Headlines for Kite Realty Group Trust (NYSE:KRG)
Kite Realty Group Trust (KRG) Chart for Wednesday, May, 24, 2017