About Kite Realty Group Trust (NYSE:KRG)
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction. Our strategy is to maximize the cash flow of our operating properties, successfully complete the construction and lease-up of our redevelopment and development portfolio, and identify additional opportunities to acquire or dispose of properties to further strengthen the Company. New investments are focused in the shopping center sector primarily in markets where we believe we can leverage our existing infrastructure and relationships to generate attractive risk-adjusted returns or otherwise in desirable trade areas. Dispositions are generally designed to increase the quality of our portfolio and to strengthen the Company's balance sheet.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:KRG
CUSIP49803T10
Phone317-577-5600
Debt
Debt-to-Equity Ratio1.09%
Current Ratio1.05%
Quick Ratio1.05%
Price-To-Earnings
Trailing P/E Ratio7.20
Forward P/E Ratio7.34
P/E Growth1.78
Sales & Book Value
Annual Sales$358.82 million
Price / Sales3.42
Cash Flow$2.0971 per share
Price / Cash7.00
Book Value$18.74 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$11.87 million
Net Margins3.31%
Return on Equity0.74%
Return on Assets0.33%
Miscellaneous
Employees147
Outstanding Shares83,600,000
Kite Realty Group Trust (NYSE:KRG) Frequently Asked Questions
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 declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Friday, April 6th will be given a dividend of $0.3175 per share on Friday, April 13th. This represents a $1.27 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Thursday, April 5th. 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?
Kite Realty Group Trust shares reverse split 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 market closes 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 results on Thursday, February, 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The real estate investment trust earned $88.90 million during the quarter, compared to the consensus estimate of $89.14 million. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. Kite Realty Group Trust's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. View Kite Realty Group Trust's Earnings History.
When is Kite Realty Group Trust's next earnings date?
What guidance has Kite Realty Group Trust issued on next quarter's earnings?
Kite Realty Group Trust issued an update on its FY18 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of $1.98-2.04 for the period, compared to the Thomson Reuters consensus estimate of $2.06.
What price target have analysts set for KRG?
9 analysts have issued 1-year price objectives for Kite Realty Group Trust's stock. Their predictions range from $16.00 to $23.00. On average, they expect Kite Realty Group Trust's stock price to reach $18.1667 in the next year. View Analyst Ratings for Kite Realty Group Trust.
Who are some of Kite Realty Group Trust's key competitors?
Some companies that are related to Kite Realty Group Trust include Education Realty Trust (EDR), Columbia Property Trust (CXP), Pebblebrook Hotel (PEB), CoreCivic (CXW), STAG Industrial (STAG), Rexford Industrial Realty (REXR), Diamondrock Hospitality (DRH), Washington Real Estate Investment Trust (WRE), PotlatchDeltic (PCH), Tanger Factory Outlet Centers (SKT), Acadia Realty Trust (AKR), MGM Growth Properties (MGP), Retail Opportunity Investments (ROIC), Apollo Commercial Real Estat (ARI), Lexington Realty Trust (LXP), QTS Realty Trust (QTS), Invesco Mortgage Capital (IVR) and Chesapeake Lodging (CHSP).
Who are Kite Realty Group Trust's key executives?
Kite Realty Group Trust's management team includes the folowing people:
- Mr. John A. Kite, Chairman and Chief Exec. Officer (Age 52)
- Mr. Thomas K. McGowan, Pres and Chief Operating Officer (Age 53)
- Mr. Daniel R. Sink CPA, Exec. VP & CFO (Age 50)
- Mr. Scott E. Murray, Exec. VP, Gen. Counsel and Corp. Sec.
- Mr. David E. Buell, Sr. VP & Chief Accounting Officer (Age 36)
Has Kite Realty Group Trust been receiving favorable news coverage?
News stories about KRG stock have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kite Realty Group Trust earned a media sentiment score of 0.24 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 46.98 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
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, Scottrade, 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 $14.68.
How big of a company is Kite Realty Group Trust?
Kite Realty Group Trust has a market capitalization of $1.26 billion and generates $358.82 million in revenue each year. The real estate investment trust earns $11.87 million in net income (profit) each year or $2.04 on an earnings per share basis. Kite Realty Group Trust employs 147 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 real estate investment trust can be reached via phone at 317-577-5600 or via email at [email protected]
MarketBeat Community Rating for Kite Realty Group Trust (KRG)
MarketBeat's community ratings are surveys of what our community members think about Kite Realty Group Trust and other stocks. Vote "Outperform" if you believe KRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
Kite Realty Group Trust (NYSE:KRG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Kite Realty Group Trust in the last 12 months. Their average twelve-month price target is $18.1667, suggesting that the stock has a possible upside of 23.75%. The high price target for KRG is $23.00 and the low price target for KRG is $16.00. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Buy |
| Consensus Rating Score: | 2.44 | 2.44 | 2.50 | 2.71 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $18.1667 | $18.3333 | $24.25 | $26.00 |
| Price Target Upside: | 23.75% upside | 24.97% upside | 24.42% upside | 29.29% upside |
Kite Realty Group Trust (NYSE:KRG) Consensus Price Target History
Kite Realty Group Trust (NYSE:KRG) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Kite Realty Group Trust (NYSE:KRG) Dividend Information
Kite Realty Group Trust pays an annual dividend of $1.27 per share, with a dividend yield of 8.65%. KRG's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 5.90% each year. Kite Realty Group Trust pays out 62.25% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $1.27 |
| Dividend Yield: | 8.65% |
| Dividend Growth: | 5.90% (3 Year Average) |
| Payout Ratio: | 62.25% (Trailing 12 Months of Earnings)
63.50% (Based on This Year's Estimates)
61.95% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Kite Realty Group Trust (NYSE:KRG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/15/2018 | quarterly | $0.3175 | 8.51% | 4/5/2018 | 4/6/2018 | 4/13/2018 |
| 11/30/2017 | quarterly | $0.3175 | 6.6% | 1/4/2018 | 1/5/2018 | 1/12/2018 |
| 8/14/2017 | quarterly | $0.3025 | 5.83% | 10/5/2017 | 10/6/2017 | 10/13/2017 |
| 5/12/2017 | quarterly | $0.3025 | 6.47% | 7/3/2017 | 7/6/2017 | 7/13/2017 |
| 3/8/2017 | quarterly | $0.3025 | 5.83% | 4/4/2017 | 4/6/2017 | 4/13/2017 |
| 11/23/2016 | quarterly | $0.3025 | 4.97% | 1/4/2017 | 1/6/2017 | 1/13/2017 |
| 8/12/2016 | quarterly | $0.2875 | 3.93% | 10/4/2016 | 10/6/2016 | 10/13/2016 |
| 6/17/2016 | quarterly | $0.2875 | 4.25% | 7/5/2016 | 7/7/2016 | 7/14/2016 |
| 2/5/2016 | quarterly | $0.2875 | 4.26% | 4/4/2016 | 4/6/2016 | 4/13/2016 |
| 12/2/2015 | quarterly | $0.2725 | 4.12% | 1/4/2016 | 1/6/2016 | 1/13/2016 |
| 9/21/2015 | quarterly | $0.2725 | 4.49% | 10/2/2015 | 10/6/2015 | 10/13/2015 |
| 5/13/2015 | quarterly | $0.2725 | 4.12% | 7/2/2015 | 7/7/2015 | 7/14/2015 |
| 2/9/2015 | quarterly | $0.2725 | 3.74% | 4/1/2015 | 4/6/2015 | 4/13/2015 |
| 12/23/2014 | quarterly | $0.26 | 3.62% | 1/2/2015 | 1/6/2015 | 1/13/2015 |
| 9/19/2014 | quarterly | $0.26 | | 10/2/2014 | 10/6/2014 | 10/13/2014 |
| 6/13/2014 | quarterly | $0.0650 | 4.33% | 6/20/2014 | 6/24/2014 | 7/1/2014 |
| 3/20/2014 | quarterly | $0.0650 | 4.28% | 4/3/2014 | 4/7/2014 | 4/14/2014 |
| 12/24/2013 | quarterly | $0.06 | 3.65% | 1/2/2014 | 1/6/2014 | 1/13/2014 |
| 9/19/2013 | quarterly | $0.06 | 4.03% | 10/2/2013 | 10/4/2013 | 10/11/2013 |
| 6/17/2013 | quarterly | $0.06 | 3.99% | 7/2/2013 | 7/5/2013 | 7/12/2013 |
| 3/18/2013 | quarterly | $0.06 | 3.61% | 4/3/2013 | 4/5/2013 | 4/12/2013 |
| 12/19/2012 | quarterly | $0.06 | 4.41% | 1/2/2013 | 1/4/2013 | 1/11/2013 |
(Data available from 1/1/2013 forward)
Kite Realty Group Trust (NYSE KRG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.93%
Institutional Ownership Percentage: 95.18%
Kite Realty Group Trust (NYSE KRG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/13/2018 | Charles H Wurtzebach | Director | Buy | 6,600 | $14.65 | $96,690.00 | |  |
| 2/6/2018 | William E Bindley | Director | Buy | 100,000 | $15.06 | $1,506,000.00 | 85,014 | |
| 12/22/2017 | Thomas K Mcgowan | COO | Sell | 5,000 | $19.22 | $96,100.00 | 86,751 | |
| 12/18/2017 | John A Kite | CEO | Sell | 17,000 | $20.09 | $341,530.00 | 52,712 | |
| 11/20/2017 | Thomas R Olinger | CAO | Sell | 3,157 | $19.01 | $60,014.57 | | |
| 3/31/2017 | John A Kite | CEO | Sell | 25,000 | $21.51 | $537,750.00 | 47,580 | |
| 8/1/2016 | Daniel R Sink | VP | Sell | 16,625 | $29.95 | $497,918.75 | 84,498 | |
| 8/1/2016 | John A Kite | CEO | Sell | 33,000 | $30.09 | $992,970.00 | 122,001 | |
| 8/1/2016 | Thomas R Olinger | CAO | Sell | 5,500 | $30.22 | $166,210.00 | 11,540 | |
| 2/10/2016 | Thomas R. Olinger | CAO | Sell | 2,283 | $26.36 | $60,179.88 | 14,684 | |
| 12/1/2015 | John A. Kite | CEO | Sell | 10,000 | $27.11 | $271,100.00 | 168,379 | |
| 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 | 301,540 | |
| 12/23/2013 | Thomas Mcgowan | COO | Sell | 133,560 | $6.50 | $868,140.00 | 240,574 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Kite Realty Group Trust (NYSE KRG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Kite Realty Group Trust (KRG) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - April 18 at 2:46 AM |
| Kite Realty Group Trust's (KRG) "Buy" Rating Reaffirmed at Barclays
www.americanbankingnews.com - April 17 at 1:26 PM |
| Kite Realty Group Trust (KRG) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - April 15 at 10:59 AM |
| Kite Realty Group Trust (KRG) Upgraded to Buy at BidaskClub
www.americanbankingnews.com - April 14 at 5:18 PM |
| Q3 2018 EPS Estimates for Kite Realty Group Trust Reduced by Capital One Financial (KRG)
www.americanbankingnews.com - April 13 at 8:53 AM |
| Kite Realty Group Trust (KRG) Expected to Post Quarterly Sales of $88.46 Million
www.americanbankingnews.com - April 7 at 5:21 AM |
| Analyzing Universal Health Realty Income Trust (UHT) & Kite Realty Group Trust (KRG)
www.americanbankingnews.com - April 6 at 11:31 PM |
| Kite Realty Group Trust (KRG) Expected to Announce Earnings of $0.48 Per Share
www.americanbankingnews.com - April 5 at 1:16 AM |
 | Kite Realty Group Trust (NYSE:KRG): What You Have To Know Before Buying For The Upcoming Dividend
finance.yahoo.com - April 1 at 4:38 PM |
| Kite Realty Group Trust (KRG) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - March 28 at 11:40 AM |
| Reviewing Kite Realty Group Trust (KRG) & Whitestone REIT (WSR)
www.americanbankingnews.com - March 26 at 1:16 AM |
| Kite Realty Group Trust's (KRG) Buy Rating Reaffirmed at Robert W. Baird
www.americanbankingnews.com - March 24 at 12:28 AM |
| Kite Realty Group Trust (KRG) Given a $16.00 Price Target at Sandler O'Neill
www.americanbankingnews.com - March 20 at 4:42 PM |
| Wired News - Kite Realty Sells Two Shopping Centers; Set to Exit the Alabama Market
finance.yahoo.com - March 20 at 9:53 AM |
| $88.42 Million in Sales Expected for Kite Realty Group Trust (KRG) This Quarter
www.americanbankingnews.com - March 20 at 2:22 AM |
| Zacks: Brokerages Expect Kite Realty Group Trust (KRG) Will Post Earnings of $0.48 Per Share
www.americanbankingnews.com - March 18 at 11:06 PM |
 | Kite Realty sells two properties and pays down debt
seekingalpha.com - March 16 at 5:11 PM |
| Head to Head Comparison: Kite Realty Group Trust (KRG) and Washington Prime Group (WPG)
www.americanbankingnews.com - March 15 at 9:16 PM |
| Kite Realty Announces Nordstrom Rack Opening in Shenandoah
finance.yahoo.com - March 15 at 4:45 PM |
| Kite Realty Group Announces the Opening of Nordstrom Rack at Portofino Shopping Center
finance.yahoo.com - March 13 at 6:08 PM |
| Kite Realty (KRG) Presents At The 2018 Citi Global Property CEO Conference - Slideshow
seekingalpha.com - March 9 at 5:15 PM |
| Kite Realty Group Trust's (KRG) Buy Rating Reiterated at Barclays
www.americanbankingnews.com - March 8 at 11:02 AM |
| Kite Realty Group Trust (KRG) Stake Lifted by Chilton Capital Management LLC
www.americanbankingnews.com - March 6 at 5:30 AM |
| Arizona State Retirement System Raises Position in Kite Realty Group Trust (KRG)
www.americanbankingnews.com - March 6 at 4:36 AM |
| Kite Realty Group Trust (KRG) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - March 3 at 12:04 PM |
| Zacks: Analysts Anticipate Kite Realty Group Trust (KRG) Will Announce Earnings of $0.48 Per Share
www.americanbankingnews.com - March 1 at 11:12 PM |
| Systematic Financial Management LP Trims Holdings in Kite Realty Group Trust (KRG)
www.americanbankingnews.com - March 1 at 6:13 PM |
| 1,001,746 Shares in Kite Realty Group Trust (KRG) Purchased by Cbre Clarion Securities LLC
www.americanbankingnews.com - February 27 at 5:34 AM |
| Kite Realty Group Trust to Present at the Citi 2018 Global Property CEO Conference
finance.yahoo.com - February 26 at 4:48 PM |
| Comerica Bank Sells 17,748 Shares of Kite Realty Group Trust (KRG)
www.americanbankingnews.com - February 24 at 5:00 AM |
| Kite Realty Group Trust (KRG) Files 10-K for the Fiscal Year Ended on December 31, 2017
finance.yahoo.com - February 21 at 9:51 AM |
| Kite Realty Group Trust (KRG) and AmREIT (AMRE) Critical Review
www.americanbankingnews.com - February 17 at 12:34 PM |
| Contrasting Kite Realty Group Trust (KRG) and Simon Property Group (SPG)
www.americanbankingnews.com - February 15 at 11:12 PM |
| Kite Realty Group Trust (KRG) Director Acquires $96,690.00 in Stock
www.americanbankingnews.com - February 15 at 10:04 PM |
| Kite Realty Group Trust to Issue Quarterly Dividend of $0.32 (KRG)
www.americanbankingnews.com - February 15 at 6:04 PM |
| Heard On The REITs - Week Ending February 9th, 2018
seekingalpha.com - February 15 at 8:53 AM |
 | Kite Realty Group Trust (KRG) Declares $0.3175 Quarterly Dividend; 8.7% Yield
www.streetinsider.com - February 15 at 8:53 AM |
| Kite Realty Group Trust (KRG) Expected to Announce Quarterly Sales of $88.42 Million
www.americanbankingnews.com - February 15 at 6:40 AM |
| Kite Realty Group Trust Announces Quarterly Common Dividend
finance.yahoo.com - February 14 at 4:40 PM |
 | Thursday 2/8 Insider Buying Report: WETF, KRG
www.nasdaq.com - February 10 at 8:56 AM |
| Kite Realty Group Trust Expected to Earn Q1 2018 Earnings of $0.50 Per Share (KRG)
www.americanbankingnews.com - February 8 at 9:18 AM |
| Kite Realty Group Trust Hires New Senior Vice President of Marketing and Communications
finance.yahoo.com - February 8 at 9:02 AM |
| Kite Realty Group Trust (KRG) Director Acquires $1,506,000.00 in Stock
www.americanbankingnews.com - February 8 at 12:10 AM |
| Kite Realty Group Trust Announces Annual Shareholder Meeting
finance.yahoo.com - February 6 at 4:33 PM |
| Kite Realty Group Trust (KRG) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 6 at 12:36 PM |
| Kite Realty Group Trust (KRG) Price Target Lowered to $16.00 at Citigroup
www.americanbankingnews.com - February 6 at 10:56 AM |
| Capital One Financial Weighs in on Kite Realty Group Trust's FY2018 Earnings (KRG)
www.americanbankingnews.com - February 6 at 10:33 AM |
| Kite Realty Group Trust to Post Q1 2018 Earnings of $0.50 Per Share, DA Davidson Forecasts (KRG)
www.americanbankingnews.com - February 6 at 8:56 AM |
| Kite Realty Group Trust (KRG) Downgraded to "Neutral" at DA Davidson
www.americanbankingnews.com - February 5 at 9:48 PM |
| Kite Realty Group Trust (KRG) Earns Equal Weight Rating from Capital One Financial
www.americanbankingnews.com - February 5 at 9:58 AM |
Kite Realty Group Trust (NYSE:KRG) SEC Filings
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Kite Realty Group Trust (NYSE:KRG) Income Statement, Balance Sheet and Cash Flow Statement
Kite Realty Group Trust (NYSE KRG) Stock Chart for Friday, April, 20, 2018
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