![]() ![]() Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. KITE REALTY GROUP TRUST PLUSZacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough July 3, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.26% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. ![]() and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Thus, it seems as though Kite Realty Group shares could have potential in the weeks and months to come. ![]() Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Kite Realty Group meets the list of requirements. Fortunately, Kite Realty Group currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. Additionally, the stock has a PEG ratio of 2.22. On a trailing cash flow basis, the stock currently trades at 11.3X versus its peer group's average of 12.2X. In terms of its value breakdown, the stock currently trades at 11.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 13X. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B. Kite Realty Group has a Value Score of C. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style. These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). Kite Realty Group may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. This represents a year-over-year change of 4.4% and 3.99%, respectively. For the next fiscal year, the company is expected to earn $2.06 per share on $849.09 million in revenues. This represents a 2.07% change in EPS on a 1.81% change in revenues. In its last earnings report on May 1, 2023, Kite Realty Group reported EPS of $0.02 versus consensus estimate of $0.47 while it beat the consensus revenue estimate by 3.58%.įor the current fiscal year, Kite Realty Group is expected to post earnings of $1.97 per share on $816.5 million in revenues. The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. Kite Realty Group has gained 8.7% since the start of the year compared to the 6.5% move for the Zacks Finance sector and the 9.3% return for the Zacks REIT and Equity Trust - Retail industry. The stock hit a new 52-week high of $23.25 in the previous session. KITE REALTY GROUP TRUST FREEHave you been paying attention to shares of Kite Realty Group ( KRG Quick Quote KRG - Free Report) ? Shares have been on the move with the stock up 8.7% over the past month. ![]()
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