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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 Ratio1.08
Current Ratio0.84
Quick Ratio0.84
Price-To-Earnings
Trailing P/E Ratio7.43
Forward P/E Ratio7.54
P/E Growth1.72
Sales & Book Value
Annual Sales$358.82 million
Price / Sales3.52
Cash Flow$2.2015 per share
Price / Cash6.85
Book Value$18.74 per share
Price / Book0.80
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$11.87 million
Net Margins-1.69%
Return on Equity-0.38%
Return on Assets-0.17%
Miscellaneous
Employees147
Outstanding Shares83,670,000
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 announced a quarterly dividend on Thursday, May 10th. Investors of record on Friday, July 6th will be given a dividend of $0.317 per share on Friday, July 13th. This represents a $1.27 annualized dividend and a yield of 8.41%. The ex-dividend date is Thursday, July 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 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) announced its quarterly earnings data on Wednesday, April, 25th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.02. The real estate investment trust had revenue of $89.76 million for the quarter, compared to the consensus estimate of $88.38 million. Kite Realty Group Trust had a negative return on equity of 0.38% and a negative net margin of 1.69%. Kite Realty Group Trust's revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. 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 Wednesday, April, 25th. The company provided earnings per share (EPS) guidance of $1.98-2.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.00.
What price target have analysts set for KRG?
9 analysts have issued 12 month target prices for Kite Realty Group Trust's shares. Their forecasts range from $15.00 to $23.00. On average, they anticipate Kite Realty Group Trust's share price to reach $18.00 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 Rayonier (RYN), Medical Properties Trust (MPW), Highwoods Properties (HIW), Hospitality Properites Trust (HPT), Gramercy Property Trust (GPT), Brixmor Property Group (BRX), EPR Properties (EPR), Apple Hospitality REIT (APLE), JBG Smith (JBGS), Life Storage (LSI), Ryman Hospitality Properties (RHP), First Industrial Realty Trust (FR), RLJ Lodging Trust (RLJ), Senior Housing Properties Trust (SNH) and HRPT Properties Trust (EQC).
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 & CEO (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 & Corp. Sec. (Age 45)
- 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 this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.19 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 47.20 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Kite Realty Group Trust's major shareholders?
Kite Realty Group Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.28%), Victory Capital Management Inc. (2.17%), Northern Trust Corp (2.15%), American Century Companies Inc. (2.14%), Schwab Charles Investment Management Inc. (1.59%) and Dimensional Fund Advisors LP (1.59%). 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 BlackRock Inc., Teachers Insurance & Annuity Association of America, Virginia Retirement Systems ET AL, BNP Paribas Arbitrage SA, Guggenheim Capital LLC, UBS Group AG, Uniplan Investment Counsel Inc. and Westwood Holdings Group 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 acquired by a variety of institutional investors in the last quarter, including Global X Management Co. LLC, Prudential Financial Inc., Victory Capital Management Inc., Citadel Advisors LLC, Millennium Management LLC, Sei Investments Co., Susquehanna Fundamental Investments LLC and American Century Companies Inc.. 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 $15.08.
How big of a company is Kite Realty Group Trust?
Kite Realty Group Trust has a market capitalization of $1.23 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 $18.00, suggesting that the stock has a possible upside of 19.36%. The high price target for KRG is $23.00 and the low price target for KRG is $15.00. 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 | 2.57 |
| 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)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $18.00 | $18.1667 | $20.00 | $26.00 |
| Price Target Upside: | 19.36% upside | 20.79% upside | 32.19% upside | 34.51% upside |
Kite Realty Group Trust (NYSE:KRG) Consensus Price Target History
Kite Realty Group Trust (NYSE:KRG) Analyst Ratings History
Show:
(Data available from 5/22/2016 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 8.42%. KRG's next quarterly dividend payment will be made on Friday, July 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.
| Next Dividend: | 7/13/2018 |
| Annual Dividend: | $1.27 |
| Dividend Yield: | 8.42% |
| Dividend Growth: | 5.90% (3 Year Average) |
| Payout Ratio(s): | 62.25% (Trailing 12 Months of Earnings)
63.50% (Based on This Year's Estimates)
62.25% (Based on Next Year's Estimates)
57.69% (Based on Cash Flow)
|
| 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 |
|---|
| 5/10/2018 | Quarterly | $0.3170 | 8.52% | 7/5/2018 | 7/6/2018 | 7/13/2018 |
| 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: 94.00%
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
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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 Tuesday, May, 22, 2018
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