The closing price of Kite Realty Group Trust (NYSE: KRG) was $20.45 for the day, down -1.78% from the previous closing price of $20.82. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 1110518 shares were traded.
Ratios:
Our analysis of KRG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 108.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.80. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.78.
On May 24, 2023, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $20.
On April 24, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $23.JP Morgan initiated its Neutral rating on April 24, 2023, with a $23 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 14 ’23 when Grimes Steven P sold 21,500 shares for $23.70 per share. The transaction valued at 509,550 led to the insider holds 763,314 shares of the business.
Kite John A sold 60,000 shares of KRG for $1,314,600 on Dec 01 ’23. The Chairman & CEO now owns 104,121 shares after completing the transaction at $21.91 per share. On Jun 15 ’23, another insider, WURTZEBACH CHARLES H, who serves as the Director of the company, sold 255 shares for $21.11 each. As a result, the insider received 5,383 and left with 61,737 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KRG now has a Market Capitalization of 4.49B and an Enterprise Value of 7.51B. As of this moment, Kite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 94.72, and their Forward P/E ratio for the next fiscal year is 86.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.42 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 9.12 whereas that against EBITDA is 12.85.
Stock Price History:
Over the past 52 weeks, KRG has reached a high of $24.23, while it has fallen to a 52-week low of $19.12. The 50-Day Moving Average of the stock is 21.32, while the 200-Day Moving Average is calculated to be 21.81.
Shares Statistics:
KRG traded an average of 1.90M shares per day over the past three months and 1.69M shares per day over the past ten days. A total of 219.45M shares are outstanding, with a floating share count of 217.58M. Insiders hold about 0.85% of the company’s shares, while institutions hold 94.46% stake in the company. Shares short for KRG as of Mar 15, 2024 were 6.34M with a Short Ratio of 3.33, compared to 5.86M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.89% and a Short% of Float of 4.11%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.97, KRG has a forward annual dividend rate of 1.22. Against a Trailing Annual Dividend Yield of 4.72%, it implies a Forward Annual Dividend Yield of 4.77%. The stock’s 5-year Average Dividend Yield is 5.43. The current Payout Ratio is 448.66% for KRG, which recently paid a dividend on Apr 12, 2024 with an ex-dividend date of Apr 04, 2024. Stock splits for the company last occurred on Aug 12, 2014 when the company split stock in a 1:4 ratio.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.01, while EPS last year was $0.02. The consensus estimate for the next quarter is $0.03, with high estimates of $0.05 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.24 and $0.09 for the fiscal current year, implying an average EPS of $0.16. EPS for the following year is $0.23, with 4 analysts recommending between $0.37 and $0.14.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $209M to a low estimate of $200.98M. As of the current estimate, Kite Realty Group Trust’s year-ago sales were $200.74M, an estimated increase of 2.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $206.67M, a decrease of -1.00% less than the figure of $2.30% in the same quarter last year. There is a high estimate of $215.41M for the next quarter, whereas the lowest estimate is $202.67M.
A total of 8 analysts have provided revenue estimates for KRG’s current fiscal year. The highest revenue estimate was $854.45M, while the lowest revenue estimate was $822.62M, resulting in an average revenue estimate of $833.29M. In the same quarter a year ago, actual revenue was $823M, up 1.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $866.27M in the next fiscal year. The high estimate is $892.32M and the low estimate is $852.01M. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.
