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
Trailing P/E Ratio108.285714285714
Forward P/E Ratio7.54
Sales & Book Value
Annual Sales$358.82 million
Price / Sales3.53
Cash Flow$2.15 per share
Price / Cash7.04
Book Value$18.74 per share
Price / Book0.81
Net Income$11.87 million
Return on Equity0.74%
Return on Assets0.33%
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 paid a dividend of $0.3175 per share on Friday, April 13th. This represents a $1.27 annualized dividend and a dividend yield of 8.38%. The ex-dividend date 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 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 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) posted its earnings results on Thursday, February, 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The real estate investment trust had revenue of $88.90 million for the quarter, compared to the consensus estimate of $89.14 million. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. View Kite Realty Group Trust's Earnings History.
When will Kite Realty Group Trust make its next earnings announcement?
What guidance has Kite Realty Group Trust issued on next quarter's earnings?
Kite Realty Group Trust updated 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.
Where is Kite Realty Group Trust's stock going? Where will Kite Realty Group Trust's stock price be in 2018?
8 brokerages have issued 1-year price objectives for Kite Realty Group Trust's stock. Their forecasts range from $16.00 to $23.00. On average, they expect Kite Realty Group Trust's share price to reach $19.60 in the next twelve months. 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 Columbia Property Trust (CXP), FirstService (FSV), Pebblebrook Hotel Trust (PEB), Education Realty Trust (EDR), Urban Edge Properties (UE), Piedmont Office Realty Trust (PDM), Newmark Group (NMRK), Stag Industrial (STAG), Rexford Industrial Realty (REXR), RMR Group (RMR), Xenia Hotels & Resorts (XHR), DiamondRock Hospitality (DRH), Washington Real Estate Investment Trust (WRE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Five Point (FPH), Retail Opportunity Investments (ROIC) and Apollo Commercial Real Estat (ARI).
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?
Media headlines about KRG stock have trended somewhat positive on Monday, according to Accern Sentiment. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kite Realty Group Trust earned a news impact score of 0.24 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 43.81 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Kite Realty Group Trust's major shareholders?
Kite Realty Group Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.50%), Macquarie Group Ltd. (3.06%), Security Capital Research & Management Inc. (2.84%), American Century Companies Inc. (2.05%), Victory Capital Management Inc. (1.94%) and Bank of New York Mellon Corp (1.65%). Company insiders that own Kite Realty Group Trust stock include Charles H Wurtzebach, Daniel R Sink, John A Kite, Thomas K Mcgowan, Thomas R Olinger and William E Bindley. View Institutional Ownership Trends for Kite Realty Group Trust.
Which institutional investors are selling Kite Realty Group Trust stock?
KRG stock was sold by a variety of institutional investors in the last quarter, including Security Capital Research & Management Inc., Millennium Management LLC, Forward Management LLC, Real Estate Management Services LLC, Cambiar Investors LLC, Citadel Advisors LLC, Stephens Inc. AR and Kennedy Capital Management Inc.. Company insiders that have sold Kite Realty Group Trust company stock in the last year include John A Kite, Thomas K Mcgowan and Thomas R Olinger. View Insider Buying and Selling for Kite Realty Group Trust.
Which institutional investors are buying Kite Realty Group Trust stock?
KRG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Cbre Clarion Securities LLC, Coronation Fund Managers Ltd., TIAA CREF Investment Management LLC, Macquarie Group Ltd., American Century Companies Inc., Zimmer Partners LP and Two Sigma Investments LP. Company insiders that have bought Kite Realty Group Trust stock in the last two years include Charles H Wurtzebach and William E Bindley. View Insider Buying and Selling for Kite Realty Group Trust.
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 $15.16.
How big of a company is Kite Realty Group Trust?
Kite Realty Group Trust has a market capitalization of $1.27 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 $0.14 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Kite Realty Group Trust (NYSE:KRG) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.50||2.50||2.67||2.71|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
3 Buy Rating(s)
1 Strong Buy Rating(s)
|Consensus Price Target: ||$19.60||$20.00||$25.75||$26.00|
|Price Target Upside: ||29.29% upside||32.19% upside||33.21% upside||29.29% upside|
Kite Realty Group Trust (NYSE:KRG) Consensus Price Target History
Kite Realty Group Trust (NYSE:KRG) Analyst Ratings History
(Data available from 3/19/2016 forward)
Kite Realty Group Trust (NYSE:KRG) Earnings History and Estimates Chart
Kite Realty Group Trust (NYSE KRG) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/1/2018||Q4 2017||$0.50||$0.50||$89.14 million||$88.90 million||View||Listen|
|10/26/2017||Q3 2017||$0.49||$0.49||$88.16 million||$87.10 million||View||N/A|
|7/26/2017||Q2 2017||$0.51||$0.54||$88.42 million||$92.65 million||View||N/A|
|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|
|2/10/2014||Q4 2013||$0.44||($0.04)||$32.78 million||$35.98 million||View||N/A|
|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|
Kite Realty Group Trust (NYSE:KRG) Earnings Estimates
2018 EPS Consensus Estimate: $2.02
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Kite Realty Group Trust (NYSE:KRG) Dividend Information
|Dividend Growth:||5.90% (3 Year Average)|
|Payout Ratio:||907.14% (Trailing 12 Months of Earnings) |
63.18% (Based on This Year's Estimates)
61.35% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Kite Realty Group Trust (NYSE:KRG) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Kite Realty Group Trust (NYSE KRG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.87%
Institutional Ownership Percentage: 95.50%
Kite Realty Group Trust (NYSE KRG) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|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|| |
Kite Realty Group Trust (NYSE KRG) News Headlines
|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
|$88.42 Million in Sales Expected for Kite Realty Group Trust (KRG) This Quarter|
www.americanbankingnews.com - March 3 at 2:08 AM
|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 to Post Q2 2018 Earnings of $0.50 Per Share, Capital One Financial Forecasts (KRG)|
www.americanbankingnews.com - February 5 at 3:34 AM
|Kite Realty Group Trust (KRG) Downgraded by ValuEngine|
www.americanbankingnews.com - February 5 at 12:28 AM
|Kite Realty Group Trust (KRG) Downgraded to Neutral at Bank of America|
www.americanbankingnews.com - February 3 at 3:22 PM
|BofA: 3 Possible Reasons For Tough Kite Realty Guidance|
finance.yahoo.com - February 2 at 4:45 PM
|Kite Realty Group Trust to Host Earnings Call|
finance.yahoo.com - February 2 at 9:01 AM
|Kite Realty Group Trust (KRG) Releases Quarterly Earnings Results, Hits Estimates|
www.americanbankingnews.com - February 1 at 9:50 PM
|Kite Realty Group Trust (KRG) Releases FY18 Earnings Guidance|
www.americanbankingnews.com - February 1 at 5:56 PM
|What You Must Know About Kite Realty Group Trust’s (NYSE:KRG) 0.0088% ROE|
finance.yahoo.com - February 1 at 4:34 PM
|Kite Realty Group Trust Forecasted to Post Q2 2018 Earnings of $0.51 Per Share (KRG)|
www.americanbankingnews.com - January 31 at 10:02 AM
|Kite Realty Group Trust (KRG) Price Target Lowered to $22.00 at Barclays|
www.americanbankingnews.com - January 30 at 4:52 PM
|Kite Realty Group Trust (KRG) Expected to Post FY2019 Earnings of $2.15 Per Share|
www.americanbankingnews.com - January 30 at 2:04 PM
|Kite Realty Group Trust (KRG) Expected to Post Quarterly Sales of $88.57 Million|
www.americanbankingnews.com - January 29 at 6:52 AM
|Kite Realty Group Trust (KRG) to Release Quarterly Earnings on Thursday|
www.americanbankingnews.com - January 25 at 1:26 AM
|Kite Realty Group Trust Announces Tax Reporting Information for 2017 Dividend Distributions|
finance.yahoo.com - January 15 at 5:27 PM
Kite Realty Group Trust (NYSE:KRG) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Kite Realty Group Trust (NYSE:KRG) Income Statement, Balance Sheet and Cash Flow Statement
Kite Realty Group Trust (NYSE KRG) Stock Chart for Monday, March, 19, 2018