Kite Realty Group Trust (NYSE:KRG) and SITE Centers (NYSE:SITC) Head to Head Review

SITE Centers (NYSE:SITC) and Kite Realty Group Trust (NYSE:KRG) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, risk, institutional ownership, dividends, profitability, valuation and analyst recommendations.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for SITE Centers and Kite Realty Group Trust, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SITE Centers	0	7	2	0	2.22
Kite Realty Group Trust	0	5	2	1	2.50

SITE Centers currently has a consensus price target of $35.25, indicating a potential upside of 204.27%. Kite Realty Group Trust has a consensus price target of $27.63, indicating a potential upside of 29.05%. Given SITE Centers’ higher probable upside, equities research analysts clearly believe SITE Centers is more favorable than Kite Realty Group Trust.

Risk and Volatility

SITE Centers has a beta of 1.32, indicating that its stock price is 32% more volatile than the S&P 500. Comparatively, Kite Realty Group Trust has a beta of 1.1, indicating that its stock price is 10% more volatile than the S&P 500.

Valuation and Earnings

This table compares SITE Centers and Kite Realty Group Trust”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SITE Centers	$226.04 million	2.69	$265.70 million	$10.32	1.12
Kite Realty Group Trust	$856.17 million	5.50	$4.07 million	$0.07	305.81

SITE Centers has higher earnings, but lower revenue than Kite Realty Group Trust. SITE Centers 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.

Profitability

This table compares SITE Centers and Kite Realty Group Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SITE Centers	164.10%	34.20%	19.41%
Kite Realty Group Trust	0.48%	0.12%	0.06%

Dividends

SITE Centers pays an annual dividend of $0.52 per share and has a dividend yield of 4.5%. Kite Realty Group Trust pays an annual dividend of $1.08 per share and has a dividend yield of 5.0%. SITE Centers pays out 5.0% of its earnings in the form of a dividend. Kite Realty Group Trust pays out 1,542.9% 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 raised its dividend for 4 consecutive years. Kite Realty Group Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Institutional and Insider Ownership

88.7% of SITE Centers shares are held by institutional investors. Comparatively, 90.8% of Kite Realty Group Trust shares are held by institutional investors. 0.2% of SITE Centers shares are held by insiders. Comparatively, 2.5% of Kite Realty Group Trust shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

Kite Realty Group Trust beats SITE Centers on 9 of the 17 factors compared between the two stocks.

About SITE Centers

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.