Kite Realty Group Trust (NYSE: KRG)’s stock price has dropped by -2.27 in relation to previous closing price of 19.82. Nevertheless, the company has seen a loss of -5.56% in its stock price over the last five trading days.
Is It Worth Investing in Kite Realty Group Trust (NYSE: KRG) Right Now?
Kite Realty Group Trust (NYSE: KRG) has a higher price-to-earnings ratio of 450.47x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.36. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Kite Realty Group Trust (KRG) is $24.73, which is $6.07 above the current market price. The public float for KRG is 217.32M, and currently, short sellers hold a 3.43% ratio of that float. The average trading volume of KRG on May 26, 2023 was 1.41M shares.
KRG’s Market Performance
KRG’s stock has seen a -5.56% decrease for the week, with a -2.57% drop in the past month and a -10.90% fall in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.61% for Kite Realty Group Trust. The simple moving average for the past 20 days is -5.17% for KRG’s stock, with a -5.33% simple moving average for the past 200 days.
KRG Trading at -4.44% from the 50-Day Moving Average
After a stumble in the market that brought KRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.15% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -4.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.82% lower at present.
During the last 5 trading sessions, KRG fell by -5.56%, which changed the moving average for the period of 200-days by -5.23% in comparison to the 20-day moving average, which settled at $20.38. In addition, Kite Realty Group Trust saw -7.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KRG starting from Grimes Steven P, who sale 12,946 shares at the price of $22.35 back on Nov 30. After this action, Grimes Steven P now owns 778,506 shares of Kite Realty Group Trust, valued at $289,343 using the latest closing price.
Grimes Steven P, the Director of Kite Realty Group Trust, sale 32,054 shares at $22.22 during a trade that took place back on Nov 23, which means that Grimes Steven P is holding 791,452 shares at $712,240 based on the most recent closing price.
Stock Fundamentals for KRG
Current profitability levels for the company are sitting at:
- +8.10 for the present operating margin
- +15.70 for the gross margin
The net margin for Kite Realty Group Trust stands at -1.56. The total capital return value is set at 0.90, while invested capital returns managed to touch -0.18. Equity return is now at value 0.30, with 0.10 for asset returns.
Based on Kite Realty Group Trust (KRG), the company’s capital structure generated 86.72 points at debt to equity in total, while total debt to capital is 46.44. Total debt to assets is 44.49, with long-term debt to equity ratio resting at 79.09. Finally, the long-term debt to capital ratio is 42.36.
When we switch over and look at the enterprise to sales, we see a ratio of 9.11, with the company’s debt to enterprise value settled at 0.42. The receivables turnover for the company is 9.53 and the total asset turnover is 0.11.
Conclusion
To put it simply, Kite Realty Group Trust (KRG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
