Analyzing Kite Realty Group Trust (KRG) and Acadia Realty Trust (AKR)
Kite Realty Group Trust (NYSE: KRG) and Acadia Realty Trust (NYSE:AKR) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their profitabiliy, valuation, earnings, analyst recommendations, dividends, institutional ownership and risk.
This table compares Kite Realty Group Trust and Acadia Realty Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Kite Realty Group Trust||3.29%||0.73%||0.33%|
|Acadia Realty Trust||23.63%||2.50%||1.37%|
This is a summary of recent ratings for Kite Realty Group Trust and Acadia Realty Trust, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Kite Realty Group Trust||0||2||4||1||2.86|
|Acadia Realty Trust||0||2||3||0||2.60|
Kite Realty Group Trust presently has a consensus price target of $27.67, suggesting a potential upside of 32.95%. Acadia Realty Trust has a consensus price target of $33.50, suggesting a potential upside of 12.61%. Given Kite Realty Group Trust’s stronger consensus rating and higher possible upside, equities analysts clearly believe Kite Realty Group Trust is more favorable than Acadia Realty Trust.
Volatility and Risk
Kite Realty Group Trust has a beta of 0.57, meaning that its stock price is 43% less volatile than the S&P 500. Comparatively, Acadia Realty Trust has a beta of 0.59, meaning that its stock price is 41% less volatile than the S&P 500.
Earnings & Valuation
This table compares Kite Realty Group Trust and Acadia Realty Trust’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Kite Realty Group Trust||$360.76 million||4.82||$221.10 million||$0.14||148.64|
|Acadia Realty Trust||$251.17 million||9.91||$140.01 million||$0.64||46.49|
Kite Realty Group Trust has higher revenue and earnings than Acadia Realty Trust. Acadia Realty Trust is trading at a lower price-to-earnings ratio than Kite Realty Group Trust, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
94.3% of Kite Realty Group Trust shares are owned by institutional investors. 1.9% of Kite Realty Group Trust shares are owned by insiders. Comparatively, 1.7% of Acadia Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Kite Realty Group Trust pays an annual dividend of $1.21 per share and has a dividend yield of 5.8%. Acadia Realty Trust pays an annual dividend of $1.04 per share and has a dividend yield of 3.5%. Kite Realty Group Trust pays out 864.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Acadia Realty Trust pays out 162.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Kite Realty Group Trust has increased its dividend for 3 consecutive years and Acadia Realty Trust has increased its dividend for 4 consecutive years.
About Kite Realty Group Trust
Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States. As of December 31, 2016, the Company owned interests in 108 operating retail properties totaling approximately 21.4 million square feet of gross leasable area (including approximately 6.3 million square feet of non-owned anchor space) located in 20 states. As of December 31, 2016, the Company had an interest in two development projects under construction. In addition to its development projects, as of December 31, 2016, the Company had nine redevelopment projects. As of December 31, 2016, the Company owned interests in one office operating property and an associated parking garage.
About Acadia Realty Trust
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers. Funds holds primarily retail real estate in which it co-invests with institutional investors. Structured Financing consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds. As of December 31, 2016, it had ownership interests in 182 properties within its core portfolio. In the Core Portfolio segment, the Company owned an interest in a 311,000 square foot shopping center, a 28,000 square foot retail and an interest in an 87,000 square foot retail property, among others, as of December 31, 2016.
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