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Kite Realty Group Trust - KRG Stock Forecast, Price & News

$22.01
+0.73 (+3.43%)
(As of 08/12/2022 04:34 PM ET)
Add
Compare
Today's Range
$21.39
$22.01
50-Day Range
$16.99
$21.28
52-Week Range
$16.68
$23.35
Volume
1.55 million shs
Average Volume
1.44 million shs
Market Capitalization
$4.82 billion
P/E Ratio
N/A
Dividend Yield
3.95%
Price Target
$26.00

Kite Realty Group Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.1% Upside
$26.00 Price Target
Short Interest
Healthy
2.26% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.06
Upright™ Environmental Score
News Sentiment
0.94mentions of Kite Realty Group Trust in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.19%
From $1.83 to $1.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Finance Sector

631st out of 918 stocks

Real Estate Investment Trusts Industry

125th out of 195 stocks

KRG stock logo

About Kite Realty Group Trust (NYSE:KRG) Stock

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.

Kite Realty Group Trust Stock Performance

KRG traded up $0.73 during trading on Friday, hitting $22.01. The stock had a trading volume of 1,552,870 shares, compared to its average volume of 1,440,204. The company has a 50 day moving average price of $18.60 and a 200-day moving average price of $20.65. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -34.32, a P/E/G ratio of 1.25 and a beta of 1.32. Kite Realty Group Trust has a one year low of $16.68 and a one year high of $23.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 2.16.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, October 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 4.00%. Kite Realty Group Trust's payout ratio is currently -135.48%.

Analysts Set New Price Targets

KRG has been the subject of a number of analyst reports. Barclays decreased their price target on Kite Realty Group Trust from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, July 15th. Jefferies Financial Group downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research note on Thursday, June 30th. Piper Sandler reduced their target price on Kite Realty Group Trust to $25.00 in a research note on Monday, July 4th. Capital One Financial reiterated an "overweight" rating on shares of Kite Realty Group Trust in a research note on Wednesday, May 25th. Finally, Compass Point reduced their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Kite Realty Group Trust currently has an average rating of "Moderate Buy" and an average price target of $26.00.

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KRG Stock News Headlines

How Much Longer Will It Be Under $1?
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How Much Longer Will It Be Under $1?
The SEC and a group of high-powered lawyers have been hashing out a federally-regulated cryptocurrency. Once ready, this crypto will become the 1st endorsed for use in the US. I expect once the regulations are in place, this crypto's value will skyrocket. Get into this crypto for under a dollar now. pixel
Best Growth Stocks to Buy for July 29th
Kite Realty: Fly High With This Discounted REIT
Upcoming Dividend Run For KRG?
Kite Realty Group Trust Becomes Oversold
See More Headlines
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KRG Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 7/15 Dividend
7/07/2022
Dividend Payable
7/15/2022
Today
8/12/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
49803T10
Employees
241
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+18.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$-80,810,000.00
Pretax Margin
-17.54%

Debt

Sales & Book Value

Annual Sales
$373.32 million
Cash Flow
$0.56 per share
Book Value
$17.80 per share

Miscellaneous

Free Float
216,100,000
Market Cap
$4.82 billion
Optionable
Optionable
Beta
1.32

Key Executives

  • Mr. John A. Kite (Age 56)
    Chairman of Trustees & CEO
    Comp: $3.39M
  • Mr. Thomas K. McGowan (Age 57)
    Pres & COO
    Comp: $1.51M
  • Mr. Heath R. Fear (Age 53)
    Exec. VP, Corp. Sec. & CFO
    Comp: $1.61M
  • Mr. David E. Buell (Age 40)
    Sr. VP & Chief Accounting Officer
  • Mr. Tyler Henshaw
    Sr. VP of Capital Markets, Investor Relations & Corp. Fin.
  • Mr. Pat Casey
    Sr. VP & CTO
  • Mr. Dean Papadakis
    Sr. VP & Chief Legal Officer
  • Mr. Bryan McCarthy
    Sr. VP of Corp. Marketing & Communications
  • Ms. Mellissa M. Boggs SPHR
    Exec. VP of Employee Experience
  • Mr. Mark Jenkins
    Sr. VP of Devel.













KRG Stock - Frequently Asked Questions

Should I buy or sell Kite Realty Group Trust stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kite Realty Group Trust in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRG shares.
View KRG analyst ratings
or view top-rated stocks.

What is Kite Realty Group Trust's stock price forecast for 2022?

8 Wall Street analysts have issued 1 year price objectives for Kite Realty Group Trust's stock. Their KRG share price forecasts range from $24.00 to $28.00. On average, they expect the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for KRG
or view top-rated stocks among Wall Street analysts.

How have KRG shares performed in 2022?

Kite Realty Group Trust's stock was trading at $21.78 at the beginning of the year. Since then, KRG stock has increased by 0.6% and is now trading at $21.90.
View the best growth stocks for 2022 here
.

Are investors shorting Kite Realty Group Trust?

Kite Realty Group Trust saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,940,000 shares, an increase of 20.5% from the July 15th total of 4,100,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is presently 3.5 days.
View Kite Realty Group Trust's Short Interest
.

When is Kite Realty Group Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our KRG earnings forecast
.

How were Kite Realty Group Trust's earnings last quarter?

Kite Realty Group Trust (NYSE:KRG) announced its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.40 by $0.48. Kite Realty Group Trust had a negative trailing twelve-month return on equity of 3.37% and a negative net margin of 17.23%. During the same quarter in the prior year, the firm posted $0.34 EPS.

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 Wednesday, August 10th. Stockholders of record on Friday, October 7th will be paid a dividend of $0.22 per share on Friday, October 14th. This represents a $0.88 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, October 6th. This is an increase from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for KRG
.

Is Kite Realty Group Trust a good dividend stock?

Kite Realty Group Trust (NYSE:KRG) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.04%. KRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for KRG.

When did Kite Realty Group Trust's stock split?

Kite Realty Group Trust's stock 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 stock prior to the reverse split would have 25 shares after the split.

What guidance has Kite Realty Group Trust issued on next quarter's earnings?

Kite Realty Group Trust issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $1.80-$1.86 for the period. The company issued revenue guidance of -.

What is John A. Kite's approval rating as Kite Realty Group Trust's CEO?

11 employees have rated Kite Realty Group Trust Chief Executive Officer John A. Kite on Glassdoor.com. John A. Kite has an approval rating of 50% among the company's employees. This puts John A. Kite in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Kite Realty Group Trust own?

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."

Who are Kite Realty Group Trust's major shareholders?

Kite Realty Group Trust's stock is owned by many different institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (8.14%), Deutsche Bank AG (3.03%), William Blair Investment Management LLC (1.04%), Russell Investments Group Ltd. (0.95%), Kennedy Capital Management Inc. (0.55%) and Clearbridge Investments LLC (0.46%). Insiders that own company stock include John A Kite and R Fear Heath.
View institutional ownership trends
.

How do I buy shares of Kite Realty Group Trust?

Shares of KRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Kite Realty Group Trust's stock price today?

One share of KRG stock can currently be purchased for approximately $21.90.

How much money does Kite Realty Group Trust make?

Kite Realty Group Trust (NYSE:KRG) has a market capitalization of $4.80 billion and generates $373.32 million in revenue each year. The real estate investment trust earns $-80,810,000.00 in net income (profit) each year or ($0.62) on an earnings per share basis.

How many employees does Kite Realty Group Trust have?

The company employs 241 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 official website for the company is www.kiterealty.com. The real estate investment trust can be reached via phone at (317) 577-5600, via email at hfear@kiterealty.com, or via fax at 317-557-5605.

This page (NYSE:KRG) was last updated on 8/12/2022 by MarketBeat.com Staff

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