Kite Realty Group Trust (NYE:KRG) is set to release its earnings data after the market closes on Monday, February 13th. Analysts estimate that Kite Realty Group Trust will post earnings of $0.47 per share. The stock opened at $22.29 on Monday and has a market cap of $4.88 billion.
Kite Realty Group Trust recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, January 6th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.31%, an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.22.
Several research firms have recently weighed in on KRG. Barclays boosted their target price on Kite Realty Group Trust from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. Piper Sandler upped their price objective on Kite Realty Group Trust to $25.00 in a research report on Wednesday, November 16th.
In other news, Director Steven P. Grimes sold 46,500 shares of the company’s stock in a transaction on Monday, November 21st. Following the completion of the sale, the director now directly owns 823,506 shares in the company, valued at approximately $17,927,725.62. A number of hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter worth $569,000. 96.84% of the stock is currently owned by hedge funds and other institutional investors.
Kite Realty Group Trust Stock Analysis:
According to 7 analysts’ stock forecasts, the target price for Kite Realty Group Trust is USD 24.30 in the next 12 months. The average analyst ratings is Strong Buy. Stock Target Advisor’s own analysis of Kite Realty Group Trust is Neutral, based on 5 positive and 6 negative signals. At the last closing, Kite Realty Group Trust’s stock price was USD 22.29. In the past week, the stock price has increased by +0.72%, +1.27% in the past month, and +8.20% in the last year.
What we like:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
What we don’t like:
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
