Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States. As of December 31, 2016, the Company owned interests in 108 operating retail properties totaling approximately 21.4 million square feet of gross leasable area (including approximately 6.3 million square feet of non-owned anchor space) located in 20 states. As of December 31, 2016, the Company had an interest in two development projects under construction. In addition to its development projects, as of December 31, 2016, the Company had nine redevelopment projects. As of December 31, 2016, the Company owned interests in one office operating property and an associated parking garage.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:KRG
- CUSIP: 49803T10
- Web: www.kiterealty.com
Capitalization:- Market Cap: $1.7 billion
- Outstanding Shares: 83,594,000
Average Prices:- 50 Day Moving Avg: $19.81
- 200 Day Moving Avg: $20.53
- 52 Week Range: $17.60 - $29.62
P/E:- Trailing P/E Ratio: 145.36
- Foreward P/E Ratio: 127.19
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $360.76 million
- Price / Sales: 4.72
- Book Value: $19.26 per share
- Price / Book: 1.06
Dividend:- Annual Dividend: $1.21
- Dividend Yield: 6.0%
Profitability:- EBIDTA: $224.39 million
- Net Margins: 3.29%
- Return on Equity: 0.73%
- Return on Assets: 0.33%
Debt:- Debt-to-Equity Ratio: 1.04%
- Current Ratio: 0.90%
- Quick Ratio: 0.90%
Misc:- Average Volume: 809,394 shs.
- Beta: 0.57
- Short Ratio: 4.86
Frequently Asked Questions for Kite Realty Group Trust (NYSE:KRG)
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 Monday, August 14th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.3025 per share on Friday, October 13th. This represents a $1.21 annualized dividend and a yield of 5.95%. The ex-dividend date is Thursday, October 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?
Shares of Kite Realty Group Trust 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 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) posted its earnings results on Wednesday, July, 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.51 by $0.03. The firm earned $92.65 million during the quarter, compared to the consensus estimate of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. Kite Realty Group Trust's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. View Kite Realty Group Trust's Earnings History.
When will Kite Realty Group Trust make its next earnings announcement?
Where is Kite Realty Group Trust's stock going? Where will Kite Realty Group Trust's stock price be in 2017?
7 brokerages have issued 12 month price objectives for Kite Realty Group Trust's stock. Their forecasts range from $24.00 to $35.00. On average, they expect Kite Realty Group Trust's share price to reach $27.67 in the next year. View Analyst Ratings for Kite Realty Group Trust.
What are analysts saying about Kite Realty Group Trust stock?
Here are some recent quotes from research analysts about Kite Realty Group Trust stock:
- 1. According to Zacks Investment Research, "Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust focused primarily on the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers in selected growth markets in the United States. They own interests in a portfolio of operating retail properties, retail properties under development, operating commercial properties, a related parking garage, commercial property under development and parcels of land that may be used for future development. " (7/28/2017)
- 2. Stifel Nicolaus analysts commented, "Kite Realty finished 2016 on a high note, generating same store NOI of 3.6% (4.5% excluding redevelopment) in 4Q and 2.9% (3.7% excluding redevelopment) in 2016, at the high-end of its 2.5%-3% guidance range. Same store NOI will likely decelerate in 2017 as redevelopment activity and recent store closures will weigh throughout much of the year. KRG is executing on its $150 million redevelopment pipeline, completing four projects in 4Q with another 10 in-process. KRG's significant balance sheet improvements culminated in 2016 with KRG's initial public bond offering, $300 million of ten-year notes at 4%, extending KRG's weighted average term to maturity and giving the REIT ample balance sheet flexibility." (2/6/2017)
Who are some of Kite Realty Group Trust's key competitors?
Some companies that are related to Kite Realty Group Trust include Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), American Assets Trust (AAT), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Ramco-Gershenson Properties Trust (RPT), Getty Realty Corporation (GTY), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR), Capital & Regional plc (CAL), Wheeler Real Estate Investment Trust (WHLR), Retail Opportunity Investments Corp. (ROIC) and Rouse Properties (RSE).
Who are Kite Realty Group Trust's key executives?
Kite Realty Group Trust's management team includes the folowing people:
- John A. Kite, Chairman of the Board of Trustees, Chief Executive Officer
- Thomas K. McGowan, President, Chief Operating Officer
- Daniel R. Sink, Chief Financial Officer, Executive Vice President, IR Contact Officer
- Scott E. Murray, Executive Vice President, General Counsel, Corporate Secretary
- Thomas R. Olinger, Senior Vice President - Accounting, Chief Accounting Officer
- William E. Bindley, Lead Independent Trustee
- Victor J. Coleman, Independent Trustee
- Lee A. Daniels, Independent Trustee
- Gerald W. Grupe, Independent Trustee
- Christie Barton Kelly, Independent Trustee
Who owns Kite Realty Group Trust stock?
Kite Realty Group Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.02%), BlackRock Inc. (14.70%), FMR LLC (6.01%), Principal Financial Group Inc. (4.01%), State Street Corp (4.01%) and Macquarie Group Ltd. (2.53%). Company insiders that own Kite Realty Group Trust stock include Daniel R Sink, John A Kite and Thomas R Olinger. View Institutional Ownership Trends for Kite Realty Group Trust.
Who sold Kite Realty Group Trust stock? Who is selling Kite Realty Group Trust stock?
Kite Realty Group Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Real Estate Management Services LLC, Federated Investors Inc. PA, Uniplan Investment Counsel Inc., Vanguard Group Inc., Numeric Investors LLC, JPMorgan Chase & Co. and Thrivent Financial For Lutherans. View Insider Buying and Selling for Kite Realty Group Trust.
Who bought Kite Realty Group Trust stock? Who is buying Kite Realty Group Trust stock?
Kite Realty Group Trust's stock was acquired by a variety of institutional investors in the last quarter, including Sorin Capital Management LLC, Macquarie Group Ltd., Cambiar Investors LLC, Prudential PLC, Timbercreek Asset Management Ltd., Investment Counselors of Maryland LLC, Victory Capital Management Inc. and Presima Inc.. View Insider Buying and Selling for Kite Realty Group Trust.
How do I buy Kite Realty Group Trust stock?
Shares of Kite Realty Group Trust can be purchased through any online brokerage account. Popular online brokerages 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 Kite Realty Group Trust stock can currently be purchased for approximately $20.35.
MarketBeat Community Rating for Kite Realty Group Trust (NYSE 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.
Consensus Ratings for Kite Realty Group Trust (NYSE:KRG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
| Ratings Breakdown: | 2 Hold Ratings, 4 Buy Ratings, 1 Strong Buy Rating |
| Consensus Rating: | Buy (Score: 2.86) |
| Consensus Price Target: | $27.67 (35.95% upside) |
Analysts' Ratings History for Kite Realty Group Trust (NYSE:KRG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/19/2017 | Barclays PLC | Lower Price Target | Overweight | $27.00 -> $25.00 | Low |  |
| 3/13/2017 | Robert W. Baird | Upgrade | Neutral -> Outperform | $27.00 -> $24.00 | Medium | |
| 2/6/2017 | Stifel Nicolaus | Lower Price Target | Hold | $27.00 -> $26.00 | N/A | |
| 1/9/2017 | Raymond James Financial, Inc. | Upgrade | Outperform -> Strong-Buy | $29.00 | N/A | |
| 12/13/2016 | Citigroup Inc. | Downgrade | Buy -> Neutral | $27.00 | N/A | |
| 10/31/2016 | Hilliard Lyons | Upgrade | Neutral -> Buy | | N/A | |
| 8/25/2016 | BTIG Research | Initiated Coverage | Buy | $35.00 | N/A | |
| 4/1/2016 | DA Davidson | Initiated Coverage | Buy | $33.00 | N/A | |
(Data available from 8/17/2015 forward)
Earnings History for Kite Realty Group Trust (NYSE:KRG)Earnings History by Quarter for Kite Realty Group Trust (NYSE KRG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | | | | | | | |
| 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 | |
| 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 | |
| 11/1/2012 | Q312 | $0.11 | $0.11 | $26.26 million | | View | N/A | |
| 8/2/2012 | | $0.11 | $0.11 | | | View | N/A | |
| 5/3/2012 | | $0.11 | $0.11 | | | View | N/A | |
| 11/2/2011 | | $0.11 | $0.11 | | | View | N/A | |
| 8/4/2011 | | $0.11 | $0.12 | | | View | N/A | |
| 5/5/2011 | | $0.10 | $0.10 | | | View | N/A | |
| 2/16/2011 | | $0.11 | $0.11 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Kite Realty Group Trust (NYSE:KRG)2017 EPS Consensus Estimate: $1.96
2018 EPS Consensus Estimate: $2.12
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.44 | $0.50 | $0.48 |
| Q2 2017 | 3 | $0.45 | $0.51 | $0.49 |
| Q3 2017 | 3 | $0.50 | $0.51 | $0.50 |
| Q4 2017 | 3 | $0.45 | $0.50 | $0.48 |
| Q1 2018 | 2 | $0.51 | $0.51 | $0.51 |
| Q2 2018 | 2 | $0.52 | $0.53 | $0.53 |
| Q3 2018 | 2 | $0.53 | $0.54 | $0.54 |
| Q4 2018 | 2 | $0.54 | $0.55 | $0.55 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Kite Realty Group Trust (NYSE:KRG)| Next Dividend: | 10/13/2017 |
| Annual Dividend: | $1.21 |
| Dividend Yield: | 5.95% |
| Dividend Growth: | 5.70% (3 Year Average) |
| Payout Ratio: | 864.29% (Trailing 12 Months of Earnings)
-2,420.00% (Based on This Year's Estimates)
756.25% (Based on Next Year's Estimates)
|
| Track Record: | 3 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Kite Realty Group Trust (NYSE KRG)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/14/2017 | quarterly | $0.30 | 5.83% | 10/5/2017 | 10/6/2017 | 10/13/2017 |
| 5/12/2017 | quarterly | $0.30 | 6.47% | 7/3/2017 | 7/6/2017 | 7/13/2017 |
| 3/8/2017 | quarterly | $0.30 | 5.83% | 4/4/2017 | 4/6/2017 | 4/13/2017 |
| 11/23/2016 | quarterly | $0.30 | 4.97% | 1/4/2017 | 1/6/2017 | 1/13/2017 |
| 8/12/2016 | quarterly | $0.29 | 3.93% | 10/4/2016 | 10/6/2016 | 10/13/2016 |
| 6/17/2016 | quarterly | $0.29 | 4.25% | 7/5/2016 | 7/7/2016 | 7/14/2016 |
| 2/5/2016 | quarterly | $0.29 | 4.26% | 4/4/2016 | 4/6/2016 | 4/13/2016 |
| 12/2/2015 | quarterly | $0.27 | 4.12% | 1/4/2016 | 1/6/2016 | 1/13/2016 |
| 9/21/2015 | quarterly | $0.27 | 4.49% | 10/2/2015 | 10/6/2015 | 10/13/2015 |
| 5/13/2015 | quarterly | $0.27 | 4.12% | 7/2/2015 | 7/7/2015 | 7/14/2015 |
| 2/9/2015 | quarterly | $0.27 | 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 | $0.07 | 4.33% | 6/20/2014 | 6/24/2014 | 7/1/2014 |
| 3/20/2014 | quarterly | $0.07 | 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)
Insider Trading and Institutional Ownership History for Kite Realty Group Trust (NYSE:KRG)Insider Ownership Percentage: 1.87%
Institutional Ownership Percentage: 94.19%
Insider Trades by Quarter for Kite Realty Group Trust (NYSE:KRG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/31/2017 | John A Kite | CEO | Sell | 25,000 | $21.51 | $537,750.00 | |
| 8/1/2016 | Daniel R Sink | VP | Sell | 16,625 | $29.95 | $497,918.75 | |
| 8/1/2016 | John A Kite | CEO | Sell | 33,000 | $30.09 | $992,970.00 | |
| 8/1/2016 | Thomas R Olinger | CAO | Sell | 5,500 | $30.22 | $166,210.00 | |
| 2/10/2016 | Thomas R. Olinger | CAO | Sell | 2,283 | $26.36 | $60,179.88 | |
| 12/1/2015 | John A. Kite | CEO | Sell | 10,000 | $27.11 | $271,100.00 | |
| 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 | |
| 12/23/2013 | Thomas Mcgowan | COO | Sell | 133,560 | $6.50 | $868,140.00 | |
| 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)
Headline Trends for Kite Realty Group Trust (NYSE:KRG)
Latest Headlines for Kite Realty Group Trust (NYSE:KRG)
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Kite Realty Group Trust (KRG) Chart for Thursday, August, 17, 2017
