Kite Realty Group Trust Stock Forecast, Price & News NYSE:KRG

An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split. According to analysts, Kite Realty Group Trust’s stock has a predicted upside of 20.30% based on their 12-month price targets. According to 8 analysts, the average rating for KRG stock is “Buy.” The 12-month stock price forecast is $25.14, which is an increase of 9.30% from the latest price. Kite Realty Group Trust issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $1.96-$2.00 for the period, compared to the consensus EPS estimate of $1.95. Kite Realty Group Trust announced a quarterly dividend on Friday, July 28th.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

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Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.

A hold rating indicates that analysts believe investors should maintain any existing positions they have in KRG, but not buy additional shares or sell existing shares. 8 Wall Street research analysts have issued 12-month target prices for Kite Realty Group Trust’s stock. On average, they expect the company’s share price to reach $25.38 in the next year. This suggests a possible upside of 10.4% from the stock’s current price.

Stockholders of record on Friday, October 6th will be given a dividend of $0.24 per share on Friday, October 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.18%. Raises 2022 guidance Leased approximately 1.2 million square feet at 13.2% comparable blended cash leasing spreads Acquired grocery-anchored Palms Plaza (Boca Raton, FL) for $35.8 million Upsized revo… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

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Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Kite Realty Group Trust shares reverse split before market open on Tuesday, August 12th 2014. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 11th 2014.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment. Analysts like Kite Realty Group Trust less than other Finance companies.

Kite Realty Group downgraded to outperform from strong buy at Raymond James

Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 72% Buy with a Strengthening short term outlook on maintaining the current direction. Retail Opportunity Investments (ROIC) delivered FFO and revenue surprises of -3.85% and 1.28%, respectively, for the quarter ended March 2023. The changing retail landscape has put retail REITs under pressure.

The consensus rating score for Kite Realty Group Trust is 2.38 while the average consensus rating score for finance companies is 2.41. Raises 2022 guidance Leased over 1 million square feet at 16.1% comparable blended cash leasing spreads Acquired $66 million of high-quality Sun Belt assets Share repurchase program upsized to $300 mi… 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. Style is an investment factor that has a meaningful impact on investment risk and returns.

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However, the rise in e-commerce adoption and higher interest rates are woes. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. One share of KRG stock can currently be purchased for approximately $22.98. The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.

The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Kite Realty Group Trust’s stock is owned by a number of institutional and retail investors. Insiders that own company stock include Charles H Wurtzebach, Gerald M Gorski, John A Kite and Steven P Grimes. Kite Realty Group Trust’s stock was trading at $21.05 at the beginning of the year. Since then, KRG shares have increased by 9.2% and is now trading at $22.98.

View analysts price targets for KRG or view top-rated stocks among Wall Street analysts. Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company https://1investing.in/ was founded on August 16, 2004 and is headquartered in Indianapolis, IN. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

• The underperformance of the markets cheapest stocks in 2022 was an anomaly.
• The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
• Provides a general description of the business conducted by this company.

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The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Everyone loves a bargain, but when a bargain looks too good to be true, people shy away. Don’t do that with so-called deep-value stocks, which look like real deals right now. Kimco’s (KIM) focus on its grocery-anchored centers, mixed-use assets and a solid balance sheet bode well for its growth.

Style is calculated by combining value and growth scores, which are first individually calculated. Kite Realty Group Trust’s KRG increased public offering of 10.5 million common shares priced at a 3.7% discount to Tuesday’s close. Shares were recently trading four cents lower at $5.36, compared what is ledger balance in atm receipt with the offering’s price… Over the previous 90 days, Kite Realty Group Trust’s stock had 1 downgrade by analysts. The underperformance of the markets cheapest stocks in 2022 was an anomaly. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

The average twelve-month price prediction for Kite Realty Group Trust is $25.38 with a high price target of $28.00 and a low price target of $22.00. 8 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Kite Realty Group Trust in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” KRG shares.

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competitive advantage. Sign-up to receive the latest news and ratings for KRG and its competitors with MarketBeat’s FREE daily newsletter. SOUTHLAKE, Texas–(BUSINESS WIRE) is off to a great start with a host of new retail openings at Southlake Town Square, DFW’s premier lifestyle destination.