| Over a week ago | ||||
Wells Fargo analyst Dori… Wells Fargo analyst Dori Kesten initiated coverage of Kite Realty Group with an Underweight rating and $20 price target. The firm cites the company's "below-average grocer exposure, Retailer Attraction Score, and two-year adjusted FFO per share growth, with above-average tenant risk" for the Underweight rating. | ||||
Wells Fargo initiated… Wells Fargo initiated coverage of Kite Realty Group with an Underweight rating and $20 price target. | ||||
Piper Sandler analyst… Piper Sandler analyst Alexander Goldfarb raised the firm's price target on Kite Realty Group to $28 from $26 and keeps an Overweight rating on the shares. Retail had a solid Q1 earnings season, demonstrating continued strength as availability shrinks under growing demand and stable credit, the analyst tells investors in a research note. | ||||
| Over a month ago | ||||
Previous NARIET FFO view… Previous NARIET FFO view was $1.89-$1.95. Sees 2023 same property NOI range of 2.25% to 3.25%, which represents a 25-basis point increase at the midpoint. Sees additional disruption related to Bed Bath & Beyond Inc. and Party City Holdings Inc. of 0.75% of total revenues -- $0.03 of FFO per diluted share -- of which approximately 70 basis points is related to the balance of 2023 and assumes no additional revenue from Bed Bath & Beyond Inc. | ||||
Reports Q1 revenue… Reports Q1 revenue $206.8M, consensus $199.61M. Same Property NOI increased by 6.5%. | ||||
JPMorgan analyst Michael… JPMorgan analyst Michael Mueller initiated coverage of Kite Realty Group with a Neutral rating and $23 price target. The analyst sees the company's near-term "external growth engine as being relatively modest" given the state of the transactions market as well as it having a smaller development/ redevelopment program. The stock's discounted valuation is being driven by a "few big picture factors which arguably translates into a re-valuation opportunity over time," the analyst tells investors in a research note. | ||||
Meeting to be held with… Meeting to be held with CFO Fear, SVP Henshaw and President & COO McGowan in New York on March 23 hosted by KeyBanc. | ||||
Meeting to be held with… Meeting to be held with CFO Fear, SVP Henshaw and President & COO McGowan in New York on March 23 hosted by KeyBanc. | ||||
| Over a quarter ago | ||||
Sees FY23 same property… Sees FY23 same property NOI 2%-3%. | ||||
Reports Q4 revenue… Reports Q4 revenue $204.69M, consensus $200M. "Looking at our full year 2022 results, I'm proud to report the KRG team consistently outperformed expectations by growing FFO, as adjusted, per share 29% on a year-over-year basis," said John A. Kite, Chairman and CEO. "Quarter after quarter we produced sector-leading results, which reflect the quality of our expanded portfolio, the intensity of our operating platform and the strength of our balance sheet. As we navigate 2023, we will operate with the same vigor and forward-thinking approach we demonstrated this past year and I'm confident in our continued ability to deliver long-term value to all stakeholders." | ||||
