Kite Realty
About: Kite Realty Group Trust specializes in owning, operating, acquiring, developing, and redeveloping high-quality open-air shopping centers and mixed-use assets. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.
Employees: 229
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more capital invested
Capital invested by funds: $4.49B [Q2] → $5.23B (+$732M) [Q3]
11% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 37
1% more funds holding
Funds holding: 342 [Q2] → 346 (+4) [Q3]
0% less call options, than puts
Call options by funds: $574K | Put options by funds: $576K
4% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 126
1.79% less ownership
Funds ownership: 91.46% [Q2] → 89.67% (-1.79%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$29
15%
upside
Avg. target
$30
19%
upside
High target
$31
23%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Baird Wesley Golladay 67% 1-year accuracy 6 / 9 met price target | 15%upside $29 | Neutral Maintained | 15 Nov 2024 |
Keybanc Todd Thomas 50% 1-year accuracy 8 / 16 met price target | 23%upside $31 | Overweight Maintained | 12 Nov 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 week ago
KITE REALTY GROUP PARTNERS WITH FIFTH WALL
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Fifth Wall , the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, has announced today that Kite Realty Group (NYSE: KRG), a premier owner-operator of open-air shopping centers and mixed-use assets, committed to invest in Fifth Wall. This investment underscores Kite Realty Group's dedication to leveraging operational and investment expertise to continually optimize its portfolio for maximum value creation and shareholder return.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Neutral
Seeking Alpha
1 month ago
Kite Realty Group Trust (KRG) Q3 2024 Earnings Conference Call Transcript
Kite Realty Group Trust (NYSE:KRG ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Bryan McCarthy - SVP, Corporate Marketing and Communications John Kite - Chairman and CEI Heath Fear - EVP and CFO Tom McGowan - President and COO Conference Call Participants Todd Thomas - KeyBanc Capital Markets Alexander Goldfarb - Piper Sandler Floris Van Dijkum - Compass Point Craig Mailman - Citi Andrew Reale - Bank of America Dori Kesten - Wells Fargo Securities Linda Tsai - Jefferies Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Kite Realty Group Trust Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Kite Realty Group (KRG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Kite Realty Group (KRG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Kite Realty Group (KRG) Q3 FFO Match Estimates
Kite Realty Group (KRG) came out with quarterly funds from operations (FFO) of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.51 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Kite Realty Group Reports Third Quarter 2024 Operating Results
INDIANAPOLIS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2024. For the quarters ended September 30, 2024 and 2023, net income attributable to common shareholders was $16.7 million, or $0.08 per diluted share, compared to $2.1 million, or $0.01 per diluted share, respectively. For the nine months ended September 30, 2024 and 2023, net loss attributable to common shareholders was $17.8 million, or $0.08 per diluted share, compared to net income of $39.5 million, or $0.18 per diluted share, respectively.
Positive
Zacks Investment Research
1 month ago
Why Kite Realty Group (KRG) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes?
Neutral
Seeking Alpha
1 month ago
Kite Realty Group: Evaluating Risks Amid Potential
Kite Realty Group has delivered over 34% total returns since November 2024, with a current FWD yield of 3.93% and a low P/FFO multiple of 12.66x. Now, looking at KRG we can see a compelling entry point in terms of the valuations relative to other peers such as REG, KIM and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified.
Positive
Zacks Investment Research
2 months ago
Why Kite Realty Group (KRG) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes?
Neutral
Seeking Alpha
2 months ago
Rate Cut Rethink
U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation data. All eyes were on the Consumer Price Index report, which posted a fractional upside surprise in September for a second-straight month, which followed four straight months of cooler-than-expected reports. Bond markets remained under pressure as buoyant labor market data last week and lukewarm inflation data this week has prompted investors to re-think the prospects of aggressive Fed rate cuts.
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