Kite Realty Group Trust (NYSE: KRG) is -17.59% lower on its value in year-to-date trading and has touched a low of $19.62 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 $21.60 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $20.80, the stock is -6.15% and -7.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing -3.70% at the moment leaves the stock -15.21% off its SMA200. KRG registered 0.03% gain for a year compared to 6-month loss of -20.09%. The firm has a 50-day simple moving average (SMA 50) of $22.599 and a 200-day simple moving average (SMA200) of $24.5365.
The stock witnessed a -6.56% gain in the last 1 month and extending the period to 3 months gives it a -15.89%, and is -6.60% 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 3.20% over the week and 2.53% over the month.
Kite Realty Group Trust (KRG) has around 227 employees, a market worth around $4.57B and $847.85M in sales. Current P/E ratio is 1155.56 and Fwd P/E is 48.50. Profit margin for the company is 2.12%. Distance from 52-week low is 6.02% and -26.35% from its 52-week high. The company has generated returns on investments over the last 12 months (0.28%).
with sales reaching $211.07M over the same period.The EPS is expected to grow by 1461.30% this year, but quarterly earnings will post 1.21% year-over-year. Quarterly sales are estimated to grow 1.75% in year-over-year returns.
Kite Realty Group Trust (KRG) Top Institutional Holders
520.0 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 102.19% of the company’s shares. The shares outstanding are 219.67M, and float is at 217.50M with Short Float at 3.08%. Institutions hold 101.47% 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 15.8797% 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 5.6357% 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.
