Kite Realty Group Trust (NYSE: KRG) is -8.92% lower on its value in year-to-date trading and has touched a low of $18.71 and a high of $24.23 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 $20.88 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $20.82, the stock is -1.85% and -3.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -0.29% at the moment leaves the stock -4.39% off its SMA200. KRG registered 9.99% gain for a year compared to 6-month loss of -7.86%. The firm has a 50-day simple moving average (SMA 50) of $9.22 and a 200-day simple moving average (SMA200) of $12.99.
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The stock witnessed a -3.07% gain in the last 1 month and extending the period to 3 months gives it a -9.36%, and is -2.02% 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 1.86% over the week and 1.85% over the month.
Kite Realty Group Trust (KRG) has around 229 employees, a market worth around $4.57B and $827.84M in sales. Current P/E ratio is 96.43 and Fwd P/E is 88.34. Profit margin for the company is 5.74%. Distance from 52-week low is 11.27% and -14.09% from its 52-week high. The company has generated returns on investments over the last 12 months (0.75%).
Kite Realty Group Trust quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $205.27M over the same period.The EPS is expected to shrink by -25.32% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to grow 2.30% in year-over-year returns.
Kite Realty Group Trust (KRG) Top Institutional Holders
498 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 96.42% of the company’s shares. The shares outstanding are 219.45M, and float is at 217.59M with Short Float at 2.63%. Institutions hold 95.63% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 33.42 million shares valued at $746.7 million. The investor’s holdings represent 15.24% of the KRG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 32.09 million shares valued at $716.96 million to account for 14.63% of the shares outstanding. The other top investors are State Street Corporation which holds 13.34 million shares representing 6.08% and valued at over $298.03 million, while JP Morgan Chase & Company holds 5.98% of the shares totaling 13.11 million with a market value of $292.83 million.
Kite Realty Group Trust (KRG) Insider Activity
The most recent transaction is an insider sale by Grimes Steven P,the company’sDirector. SEC filings show that Grimes Steven P sold 21,500 shares of the company’s common stock on Dec 14 ’23 at a price of $23.70 per share for a total of $0.51 million. Following the sale, the insider now owns 0.76 million shares.
Kite Realty Group Trust disclosed in a document filed with the SEC on Dec 01 ’23 that Kite John A (Chairman & CEO) sold a total of 60,000 shares of the company’s common stock. The trade occurred on Dec 01 ’23 and was made at $21.91 per share for $1.31 million. Following the transaction, the insider now directly holds 0.1 million shares of the KRG stock.
Still, SEC filings show that on Jun 15 ’23, WURTZEBACH CHARLES H (Director) disposed off 255 shares at an average price of $21.11 for $5383.0. The insider now directly holds 61,737 shares of Kite Realty Group Trust (KRG).
