NYSE:KRG - Kite 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 reached pandemic status according to the World Health Organization. Since then, KRG shares have decreased by 48.9% and is now trading at $7.63. 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) released its quarterly earnings results on Tuesday, February, 18th. The real estate investment trust reported $0.21 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 analysts' expectations 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 business's revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 paid a dividend of $0.317 per share on Friday, April 3rd. This represents a $1.27 annualized dividend and a dividend yield of 16.62%. The ex-dividend date is Thursday, March 26th. View Kite Realty Group Trust's dividend history.

Kite Realty Group Trust shares reverse split before market open 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 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 earnings per share guidance of $1.48 to $1.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.54.

7 equities research analysts have issued twelve-month price targets 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 twelve months. This suggests a possible upside of 135.9% from the stock's current price. View analysts' price targets for Kite Realty Group Trust.

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

Kite Realty Group Trust saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,958,900 shares, a decrease of 14.5% from the February 27th total of 3,460,000 shares. Based on an average daily trading volume, of 741,600 shares, the days-to-cover ratio is presently 4.0 days. Currently, 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 Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR), 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 $7.63.

Kite Realty Group Trust has a market capitalization of $641.15 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]