Kite Realty Group Trust (NYSE: KRG) is 18.81% higher on its value in year-to-date trading and has touched a low of $19.64 and a high of $27.94 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 $27.36 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $27.16, the stock is 1.96% and 2.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -0.73% at the moment leaves the stock 16.33% off its SMA200. KRG registered 31.46% gain for a year compared to 6-month gain of 28.05%. The firm has a 50-day simple moving average (SMA 50) of $26.377 and a 200-day simple moving average (SMA200) of $23.3472.
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The stock witnessed a 3.94% loss in the last 1 month and extending the period to 3 months gives it a 7.44%, and is -0.40% 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 1.80% over the week and 2.38% over the month.
Kite Realty Group Trust (KRG) has around 229 employees, a market worth around $5.97B and $833.37M in sales. Fwd P/E is 73.90. Profit margin for the company is -1.17%. Distance from 52-week low is 38.32% and -2.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.14%).
The EPS is expected to shrink by -102.27% this year
502.0 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 96.93% of the company’s shares. The shares outstanding are 219.45M, and float is at 217.83M with Short Float at 2.55%. Institutions hold 96.10% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 34.88 million shares valued at $780.51 million. The investor’s holdings represent 15.8884 of the KRG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 33.37 million shares valued at $746.79 million to account for 15.2021 of the shares outstanding. The other top investors are STATE STREET CORP which holds 12.38 million shares representing 5.6389 and valued at over $277.0 million, while JPMORGAN CHASE & CO holds 4.9396 of the shares totaling 10.84 million with a market value of $242.66 million.
Kite Realty Group Trust (KRG) Insider Activity
The most recent transaction is an insider sale by Grimes Steven P, the company’s Director. SEC filings show that Grimes Steven P sold 37,295 shares of the company’s common stock on Sep 16 ’24 at a price of $26.80 per share for a total of $1.0 million. Following the sale, the insider now owns 0.73 million shares.
Kite Realty Group Trust disclosed in a document filed with the SEC on Dec 14 ’23 that Grimes Steven P (Director) sold a total of 21,500 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $23.70 per share for $0.51 million. Following the transaction, the insider now directly holds 0.76 million shares of the KRG stock.
Still, SEC filings show that on Dec 01 ’23, Kite John A (Chairman & CEO) disposed off 60,000 shares at an average price of $21.91 for $1.31 million. The insider now directly holds 104,121 shares of Kite Realty Group Trust (KRG).
