Kite Realty Group Trust (NYSE: KRG) is -4.04% 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 $23.81 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $24.22, the stock is 1.30% and -5.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 1.72% at the moment leaves the stock -0.05% off its SMA200. KRG registered 12.44% gain for a year compared to 6-month gain of 2.32%. The firm has a 50-day simple moving average (SMA 50) of $25.608 and a 200-day simple moving average (SMA200) of $24.21565.
The stock witnessed a -3.93% loss in the last 1 month and extending the period to 3 months gives it a -7.24%, and is 3.90% 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 2.55% over the week and 2.18% over the month.
Kite Realty Group Trust (KRG) has around 229 employees, a market worth around $5.32B and $833.37M in sales. Fwd P/E is 63.57. Profit margin for the company is -1.17%. Distance from 52-week low is 23.35% and -14.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.14%).
with sales reaching $208.74M over the same period.The EPS is expected to shrink by -63.09% this year, but quarterly earnings will post 1.13% year-over-year. Quarterly sales are estimated to grow 4.23% in year-over-year returns.
Kite Realty Group Trust (KRG) Top Institutional Holders
497.0 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 97.16% 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 96.36% 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.
