Kite Realty Group Trust (NYSE: KRG) is -10.02% lower on its value in year-to-date trading and has touched a low of $19.64 and a high of $28.24 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 $22.64 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $22.71, the stock is -8.72% and -13.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 0.31% at the moment leaves the stock -5.86% off its SMA200. KRG registered 1.34% gain for a year compared to 6-month gain of -1.43%. The firm has a 50-day simple moving average (SMA 50) of $26.1954 and a 200-day simple moving average (SMA200) of $24.11365.
The stock witnessed a -14.33% loss in the last 1 month and extending the period to 3 months gives it a -10.98%, and is -9.34% 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 2.55% over the week and 2.22% over the month.
Kite Realty Group Trust (KRG) has around 229 employees, a market worth around $4.99B and $833.37M in sales. Fwd P/E is 57.24. Profit margin for the company is -1.17%. Distance from 52-week low is 15.66% and -19.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.14%).
with sales reaching $208.6M over the same period.The EPS is expected to shrink by -62.83% this year, but quarterly earnings will post 1.12% year-over-year. Quarterly sales are estimated to grow 4.16% in year-over-year returns.
Kite Realty Group Trust (KRG) Top Institutional Holders
499.0 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 97.02% of the company’s shares. The shares outstanding are 219.67M, and float is at 217.86M with Short Float at 3.47%. Institutions hold 96.22% 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 4.9369 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 27,250 shares of the company’s common stock on Nov 27 ’24 at a price of $27.99 per share for a total of $0.76 million. Following the sale, the insider now owns 0.71 million shares.
Kite Realty Group Trust disclosed in a document filed with the SEC on Sep 16 ’24 that Grimes Steven P (Director) sold a total of 37,295 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $26.80 per share for $1.0 million. Following the transaction, the insider now directly holds 0.73 million shares of the KRG stock.
