Kite Realty Group Trust (NYSE: KRG) is -7.98% lower on its value in year-to-date trading and has touched a low of $16.42 and a high of $23.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KRG stock was last observed hovering at around $19.82 in the last trading session, with the day’s loss setting it -0.45% off its average median price target of $25.00 for the next 12 months. It is also 30.82% off the consensus price target high of $28.00 offered by 12 analysts, but current levels are 3.15% higher than the price target low of $20.00 for the same period.
Currently trading at $19.37, the stock is -5.17% and -4.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing -2.27% at the moment leaves the stock -5.33% off its SMA200. KRG registered -3.97% loss for a year compared to 6-month loss of -13.14%. The firm has a 50-day simple moving average (SMA 50) of $9.17 and a 200-day simple moving average (SMA200) of $13.08.
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The stock witnessed a -2.57% gain in the last 1 month and extending the period to 3 months gives it a -10.90%, and is -5.56% down 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 2.44% over the week and 2.61% over the month.
Kite Realty Group Trust (KRG) has around 236 employees, a market worth around $4.30B and $814.40M in sales. Current P/E ratio is 450.47 and Fwd P/E is 215.22. Profit margin for the company is 1.20%. Distance from 52-week low is 17.97% and -16.15% from its 52-week high. The company has generated returns on investments over the last 12 months (1.40%).
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”. 12 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Kite Realty Group Trust is expected to release its quarterly report on 08/01/2023.The EPS is expected to grow by 92.10% this year
Kite Realty Group Trust (KRG) Top Institutional Holders
The shares outstanding are 219.23M, and float is at 217.32M with Short Float at 3.43%.
Kite Realty Group Trust (KRG) Insider Activity
A total of 5 insider transactions have happened at Kite Realty Group Trust (KRG) in the last six months, with sales accounting for 2 and purchases happening 3 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 12,946 shares of the company’s common stock on Nov 30 at a price of $22.35 per share for a total of $0.29 million. Following the sale, the insider now owns 0.78 million shares.
Kite Realty Group Trust disclosed in a document filed with the SEC on Nov 23 that Grimes Steven P (Director) sold a total of 32,054 shares of the company’s common stock. The trade occurred on Nov 23 and was made at $22.22 per share for $0.71 million. Following the transaction, the insider now directly holds 0.79 million shares of the KRG stock.
Still, SEC filings show that on Nov 21, Grimes Steven P (Director) disposed off 46,500 shares at an average price of $21.77 for $1.01 million. The insider now directly holds 823,506 shares of Kite Realty Group Trust (KRG).