Streetbeat News

KRG

Kite Realty Group Trust

https://www.kiterealty.com

Industry

REIT - Retail

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.

Open

27.21

Mkt cap

6B

Volume

129K

High

27.27

P/E Ratio

-678.75

52-wk high

27.94

Low

27.07

Div yield

0.04

52-wk low

19.64

Kite Realty Group Trust (NYSE:KRG) reported Q2 2024 earnings per share of $0.53, surpassing the analyst consensus estimate of $0.50 by 6%. The company also reported quarterly sales of $212.434 million, beating the estimate of $207.534 million by 2.36%. This represents a 1.76% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:20 pm

Kite Realty Group Trust (KRG) has been upgraded by S&P to a BBB rating with a stable outlook.

Portfolio Pulse from Bill Haddad

June 28, 2024 | 8:17 pm

Kite Realty Group Trust has filed with the SEC for an offering of up to 9.9 million common shares.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:22 pm

Wells Fargo analyst Dori Kesten maintains an Underweight rating on Kite Realty Group Trust (NYSE:KRG) but raises the price target from $22 to $23.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 12:36 pm

Kite Realty Group Trust (KRG) has updated its FY24 earnings guidance, raising its NAREIT FFO forecast from $2.00-$2.06 to $2.02-$2.08 per diluted share. The adjustment is based on improved same property NOI projections and a reduced bad debt assumption. Net income for FY24 is expected to be between $0.30 and $0.36 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:27 pm

Kite Realty Gr Trust (NYSE:KRG) reported Q1 FFO of $0.50 per share, meeting analyst estimates but marking a 1.96% decrease from last year. Sales were $207.44M, slightly missing estimates by 0.20% but showing a 0.33% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:16 pm

U.S. residential home prices surged in February 2024, marking the strongest one-month increase in two years, despite high mortgage costs. The Federal Housing Finance Agency reported a 1.2% month-over-month growth, with a 7% increase from the previous year. The S&P Global 20-city home price index also showed a 7.3% year-on-year increase. Real estate stocks reacted variably, with the Vanguard Real Estate ETF (VNQ) dropping slightly, while companies like NexPoint Residential Trust (NXRT) and Redfin Corporation (RDFN) saw gains. Conversely, SBA Communications Corporation (SBAC) and The Macerich Company (MAC) experienced losses.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 4:36 pm

Jefferies analyst Linda Tsai upgraded Kite Realty Gr Trust (NYSE:KRG) from Hold to Buy while maintaining the price target at $23.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:58 am

Jefferies analyst Linda Tsai maintains a Hold rating on Kite Realty Gr Trust (KRG) and lowers the price target from $24 to $23.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:58 pm

Kite Realty Group Trust (KRG) projects its FY24 EPS to be between $0.29 and $0.35 and NAREIT FFO to range from $2.00 to $2.06 per diluted share. These forecasts are based on assumptions including a Same Property NOI growth of 1.0% to 2.0% and a bad debt assumption of 0.75% to 1.25% of total revenues.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:25 pm

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