Kite Realty Group Trust (NYSE: KRG) is -13.47% lower on its value in year-to-date trading and has touched a low of $18.51 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 $21.59 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $21.84, the stock is 2.27% and -0.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 1.16% at the moment leaves the stock -10.70% off its SMA200. KRG registered 4.63% gain for a year compared to 6-month loss of -17.40%. The firm has a 50-day simple moving average (SMA 50) of $22.0072 and a 200-day simple moving average (SMA200) of $24.46215.
The stock witnessed a -3.87% gain in the last 1 month and extending the period to 3 months gives it a -5.21%, and is 5.05% 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 2.35% over the week and 3.67% over the month.
Kite Realty Group Trust (KRG) has around 227 employees, a market worth around $4.75B and $847.85M in sales. Current P/E ratio is 1213.33 and Fwd P/E is 50.92. Profit margin for the company is 2.12%. Distance from 52-week low is 17.96% and -22.66% 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.
521.0 institutions hold shares in Kite Realty Group Trust (KRG), with institutional investors hold 102.17% of the company’s shares. The shares outstanding are 219.67M, and float is at 217.65M with Short Float at 2.61%. Institutions hold 101.45% 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 15.1937 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.
