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New Big Money Means Kite Realty Group Trust (KRG) Investors Could Reap Benefit

Kite Realty Group Trust (NYSE: KRG) is 1.15% higher on its value in year-to-date trading and has touched a low of $16.42 and a high of $23.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KRG stock was last observed hovering at around $22.30 in the last trading session, with the day’s loss setting it -0.27%.

Currently trading at $22.03, the stock is 5.70% and 15.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -1.21% at the moment leaves the stock 8.91% off its SMA200. KRG registered -2.18% loss for a year compared to 6-month loss of 7.25%.

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The stock witnessed a 16.13% gain in the last 1 month and extending the period to 3 months gives it a 6.79%, and is 1.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.87% over the month.

Kite Realty Group Trust (KRG) has around 241 employees, a market worth around $4.79B and $760.30M in sales. Profit margin for the company is -14.40%. Distance from 52-week low is 34.17% and -5.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.30%).

Kite Realty Group Trust (KRG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Kite Realty Group Trust (KRG) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 1.70, where 2 rate it as a Hold and 3 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Kite Realty Group Trust is expected to release its quarterly report on 02/13/2023.The EPS is expected to shrink by -278.80% this year

Kite Realty Group Trust (KRG) Top Institutional Holders

The shares outstanding are 219.10M, and float is at 217.23M with Short Float at 2.84%.

Kite Realty Group Trust (KRG) Insider Activity

A total of 2 insider transactions have happened at Kite Realty Group Trust (KRG) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by Grimes Steven P, the company’s Director. SEC filings show that Grimes Steven P sold 32,054 shares of the company’s common stock on Nov 23 at a price of $22.22 per share for a total of $0.71 million. Following the sale, the insider now owns 0.79 million shares.

Kite Realty Group Trust disclosed in a document filed with the SEC on Nov 21 that Grimes Steven P (Director) sold a total of 46,500 shares of the company’s common stock. The trade occurred on Nov 21 and was made at $21.77 per share for $1.01 million. Following the transaction, the insider now directly holds 0.82 million shares of the KRG stock.

Still, SEC filings show that on Nov 18, Kite John A (Chairman & CEO) disposed off 85,000 shares at an average price of $22.01 for $1.87 million. The insider now directly holds 104,121 shares of Kite Realty Group Trust (KRG).

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