About Kite Realty Group Trust (NYSE:KRG)
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
- Market Cap: $1.67189 billion
- Outstanding Shares: 83,594,000
- 50 Day Moving Avg: $20.24
- 200 Day Moving Avg: $19.86
- 52 Week Range: $17.60 - $26.59
Sales & Book Value:
- Trailing P/E Ratio: 141.07
- Foreward P/E Ratio: 9.36
- P/E Growth: 0.00
- Annual Revenue: $360.76 million
- Price / Sales: 4.58
- Book Value: $19.26 per share
- Price / Book: 1.03
- Annual Dividend: $1.21
- Dividend Yield: 6.1%
- EBITDA: $224.39 million
- Net Margins: 3.29%
- Return on Equity: 0.73%
- Return on Assets: 0.33%
- Debt-to-Equity Ratio: 1.04%
- Current Ratio: 0.90%
- Quick Ratio: 0.90%
- Average Volume: 632,580 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. Stockholders of record on Friday, October 6th will be given a dividend of $0.3025 per share on Friday, October 13th. This represents a $1.21 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend 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?
Kite Realty Group Trust shares 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) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $92.65 million for the quarter, compared to analysts' expectations of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company 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 twelve-month price targets for Kite Realty Group Trust's stock. Their forecasts range from $23.00 to $29.00. On average, they expect Kite Realty Group Trust's stock price to reach $26.00 in the next twelve months. 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 DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR), Capital & Regional plc (CAL) and Wheeler Real Estate Investment Trust (WHLR).
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 many different of institutional and retail investors. Top institutional investors include Meeder Asset Management Inc. (0.01%). 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 bought Kite Realty Group Trust stock? Who is buying Kite Realty Group Trust stock?
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?
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.
One share of Kite Realty Group Trust stock can currently be purchased for approximately $19.75.
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: ||3 Hold Ratings, 3 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.71)|
|Consensus Price Target: ||$26.00 (31.65% upside)|Consensus Price Target History for Kite Realty Group Trust (NYSE:KRG)
Analysts' Ratings History for Kite Realty Group Trust (NYSE:KRG)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/24/2017||Robert W. Baird||Reiterated Rating||Buy||$23.00||Medium|
|4/19/2017||Barclays PLC||Lower Price Target||Overweight||$27.00 -> $25.00||Low|
|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|
Earnings History for Kite Realty Group Trust (NYSE:KRG)Earnings History by Quarter for Kite Realty Group Trust (NYSE KRG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
Earnings Estimates for Kite Realty Group Trust (NYSE:KRG)
2017 EPS Consensus Estimate: $1.96
2018 EPS Consensus Estimate: $2.12
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Kite Realty Group Trust (NYSE:KRG)
|Most Recent Dividend:||10/13/2017|
|Dividend Growth:||5.70% (3 Year Average)|
|Payout Ratio:||864.29% (Trailing 12 Months of Earnings) |
59.02% (Based on This Year's Estimates)
57.35% (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)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Kite Realty Group Trust (NYSE:KRG)
Insider Ownership Percentage: 1.87%Insider Trades by Quarter for Kite Realty Group Trust (NYSE:KRG)
Institutional Ownership Percentage: 95.74%
(Data available from 1/1/2013 forward)
|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|| |
Headline Trends for Kite Realty Group Trust (NYSE:KRG)
Latest Headlines for Kite Realty Group Trust (NYSE:KRG)
Kite Realty Group Trust (KRG) Chart for Saturday, October, 21, 2017