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Is Kite Realty Group Trust (KRG) a good stock to buy now?

Kite Realty Group Trust (NYSE: KRG) is -5.16% lower on its value in year-to-date trading and has touched a low of $19.03 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 $21.44 in the last trading session, with the day’s gains setting it 0.24%.

Currently trading at $21.68, the stock is 2.51% and 1.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 1.12% at the moment leaves the stock -0.53% off its SMA200. KRG registered 11.48% gain for a year compared to 6-month loss of 1.28%. The firm has a 50-day simple moving average (SMA 50) of $9.45 and a 200-day simple moving average (SMA200) of $13.31.

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The stock witnessed a 1.45% gain in the last 1 month and extending the period to 3 months gives it a -5.90%, and is 1.88% 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 1.68% over the week and 1.81% over the month.

Kite Realty Group Trust (KRG) has around 229 employees, a market worth around $4.76B and $827.84M in sales. Current P/E ratio is 100.42 and Fwd P/E is 91.99. Profit margin for the company is 5.74%. Distance from 52-week low is 13.93% and -10.54% 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

499 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 96.73% of the company’s shares. The shares outstanding are 219.45M, and float is at 217.59M with Short Float at 2.91%. Institutions hold 95.93% 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).

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