Kite Realty Group Trust (NYSE:KRG) traded at $14.74 at last check on Friday, Nov 20, making a downturn move of -0.47% on its previous day’s price.
Looking at the stock we see that its previous close was $14.81 and the beta (5Y monthly) reads 1.26 with the day’s price range being $14.53 – 14.87. The company has a 12-month trailing PE ratio of 210.57. In terms of its 52-week price range, KRG has a high of $19.71 and a low of $6.87. The company’s stock has gained about 27.62% over that past 30 days.
Kite has a market cap of $1.17 Billion and is expected to release its quarterly earnings report on Feb 16, 2021- Feb 22, 2021. With its Forward Dividend at 0.32 and a yield of 2.17%, the company’s investors could be anxious for the KRG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.07, with the EPS growth for the year declined at -$0.15 for 2020 and -$0.13 for next year. These figures represent -2.25% and at -0.13% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $65.86 Million, with a low of $63.61 Million and a high of $67.7 Million. The median projection represents growth adding up to -12.5% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $262.54 Million, or -16.7% down from figures reported last year.
On the other hand, looking at the outlook for the KRG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Let’s briefly compare Kite (KRG) stock to its peers. We find that today’s price change of -0.47% and -22.13% over the past 12 months for KRG competes that of Equinix Inc (EQIX), which has seen its stock price fall -0.34% in the latest trading session and is +29.98% over the last one year. Another of its peers Simon Property Group (SPG) has climbed 0.61% today, but is -44.63% down over the past year, while Realty Income Corp (O) is also down -0.47% yet its price remains in the red at -22.13% over the same period. Equinix has a P/E ratio of 142.96 compared to Kite’s 210.57 and Simon’s 18.44. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Kite Realty Group Trust (NYSE:KRG), we note that the average 3-month trading volume was 521.33 Million, while that of the preceding 10-day period stands at 613.29 Million. Current shares outstanding are 84.2 Million.
According to data from Thomson Reuters, insiders hold 0.85% of the company’s shares while institutions hold 95.44%. The data shows that short shares as of October 29, 2020, stood at 4.39 Million at a short ratio of 11.62. This represents a 5.21% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 4.16 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -24.53% down in year-to-date price movement.