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NYSE:KRG

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

$21.18
-0.24 (-1.12%)
(As of 11:39 AM ET)
Compare
Today's Range
$21.16
$21.50
50-Day Range
$21.21
$23.99
52-Week Range
$16.99
$24.26
Volume
294,978 shs
Average Volume
1.47 million shs
Market Capitalization
$4.65 billion
P/E Ratio
176.51
Dividend Yield
4.53%
Price Target
$25.86

Kite Realty Group Trust MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
21.2% Upside
$25.86 Price Target
Short Interest
Healthy
2.17% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.69
Upright™ Environmental Score
News Sentiment
1.45mentions of Kite Realty Group Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.52%
From $1.99 to $2.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Finance Sector

591st out of 878 stocks

Real Estate Investment Trusts Industry

125th out of 183 stocks


KRG stock logo

About Kite Realty Group Trust (NYSE:KRG) Stock

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 June 30, 2023, the Company owned interests in 181 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.6 million square feet of gross leasable space.

KRG Price History

KRG Stock News Headlines

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Kite Realty: Get It While It's Hot
Q2 2023 Kite Realty Group Trust Earnings Call
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Kite Realty Group (KRG) Receives a Buy from Barclays
Kite Realty: Undervalued And Underappreciated
Raymond James Sticks to Its Buy Rating for Kite Realty Group (KRG)
Q1 2023 Kite Realty Group Trust Earnings Call
See More Headlines
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KRG Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 7/14 Dividend
7/06/2023
Dividend Payable
7/14/2023
Today
10/02/2023
Ex-Dividend for 10/13 Dividend
10/05/2023
Dividend Payable
10/13/2023
Next Earnings (Confirmed)
10/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
49803T10
Employees
236
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$25.86
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$-12,640,000.00
Pretax Margin
3.42%

Debt

Sales & Book Value

Annual Sales
$802 million
Cash Flow
$2.02 per share
Book Value
$17.21 per share

Miscellaneous

Free Float
215,644,000
Market Cap
$4.70 billion
Optionable
Optionable
Beta
1.40
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Key Executives

  • Mr. John A. KiteMr. John A. Kite (Age 57)
    Chairman of Trustees & CEO
    Comp: $3.83M
  • Mr. Thomas K. McGowan (Age 58)
    Pres & COO
    Comp: $1.68M
  • Mr. Heath R. Fear (Age 54)
    Exec. VP & CFO
    Comp: $1.75M
  • Mr. David E. Buell (Age 41)
    Sr. VP & Chief Accounting Officer
  • Mr. Tyler Henshaw
    Sr. VP of Capital Markets, Investor Relations & Corp. Fin.
  • Mr. Pat Casey
    Sr. VP & CTO
  • Mr. Dean Papadakis
    Sr. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Bryan McCarthy
    Sr. VP of Corp. Marketing & Communications
  • Ms. Mellissa M. Boggs SPHR
    Exec. VP of Employee Experience
  • Mr. Mark Jenkins
    Sr. VP of Devel.













KRG Stock - Frequently Asked Questions

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

7 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

7 analysts have issued 12 month price objectives for Kite Realty Group Trust's shares. Their KRG share price forecasts range from $23.00 to $28.00. On average, they anticipate the company's share price to reach $25.86 in the next twelve months. This suggests a possible upside of 20.7% 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 2023?

Kite Realty Group Trust's stock was trading at $21.05 at the start of the year. Since then, KRG shares have increased by 1.8% and is now trading at $21.42.
View the best growth stocks for 2023 here
.

Are investors shorting Kite Realty Group Trust?

Kite Realty Group Trust saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,760,000 shares, a decrease of 10.2% from the August 31st total of 5,300,000 shares. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is currently 3.7 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, October 30th 2023.
View our KRG earnings forecast
.

How can I listen to Kite Realty Group Trust's earnings call?

Kite Realty Group Trust will be holding an earnings conference call on Tuesday, October 31st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

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 analysts' consensus estimates of $0.40 by $0.48. Kite Realty Group Trust had a net margin of 3.47% and a trailing twelve-month return on equity of 0.76%. During the same quarter last year, the company earned $0.34 earnings per share.

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, July 28th. Shareholders of record on Friday, October 6th will be given a dividend of $0.24 per share on Friday, October 13th. This represents a $0.96 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Thursday, October 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 $0.96 per share and currently has a dividend yield of 4.48%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 800.07%. 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 46.60% 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 shares 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 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 issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $1.96-$2.00 for the period, compared to the consensus estimate of $1.95. 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

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 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.
Compare Top Brokerages Here.

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

One share of KRG stock can currently be purchased for approximately $21.42.

How much money does Kite Realty Group Trust make?

Kite Realty Group Trust (NYSE:KRG) has a market capitalization of $4.70 billion and generates $802 million in revenue each year. The real estate investment trust earns $-12,640,000.00 in net income (profit) each year or $0.12 on an earnings per share basis.

How many employees does Kite Realty Group Trust have?

The company employs 236 workers across the globe.

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 official website for the company is www.kiterealty.com. The real estate investment trust can be reached via phone at (317) 577-5600, via email at hfear@kiterealty.com, or via fax at 317-557-5605.

This page (NYSE:KRG) was last updated on 10/2/2023 by MarketBeat.com Staff

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