Kite Realty Group Trust (KRG) Stock: A Study of the Market Performance

The stock of Kite Realty Group Trust (KRG) has gone down by -0.43% for the week, with a -2.80% drop in the past month and a -9.36% drop in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are 1.84% for KRG. The simple moving average for the past 20 days is -1.49% for KRG’s stock, with a -4.49% simple moving average for the past 200 days.

Is It Worth Investing in Kite Realty Group Trust (NYSE: KRG) Right Now?

Kite Realty Group Trust (NYSE: KRG) has a price-to-earnings ratio that is above its average at 96.43x. The stock has a 36-month beta value of 1.31. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 0 as “sell.”

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The public float for KRG is 217.59M, and at present, short sellers hold a 2.91% of that float. On April 04, 2024, the average trading volume of KRG was 1.92M shares.

KRG) stock’s latest price update

Kite Realty Group Trust (NYSE: KRG)’s stock price has plunge by -0.62relation to previous closing price of 20.95. Nevertheless, the company has seen a -0.43% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes?

Analysts’ Opinion of KRG

Wells Fargo, on the other hand, stated in their research note that they expect to see KRG reach a price target of $20. The rating they have provided for KRG stocks is “Underweight” according to the report published on May 24th, 2023.

JP Morgan gave a rating of “Neutral” to KRG, setting the target price at $23 in the report published on April 24th of the previous year.

KRG Trading at -2.44% 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 -14.09% of loss for the given period.

Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares sank -2.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.89% lower at present.

During the last 5 trading sessions, KRG fell by -0.43%, which changed the moving average for the period of 200-days by -2.62% in comparison to the 20-day moving average, which settled at $21.10. In addition, Kite Realty Group Trust saw -8.92% 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 21,500 shares at the price of $23.70 back on Dec 14 ’23. After this action, Grimes Steven P now owns 763,314 shares of Kite Realty Group Trust, valued at $509,550 using the latest closing price.

Kite John A, the Chairman & CEO of Kite Realty Group Trust, sale 60,000 shares at $21.91 during a trade that took place back on Dec 01 ’23, which means that Kite John A is holding 104,121 shares at $1,314,600 based on the most recent closing price.

Stock Fundamentals for KRG

Current profitability levels for the company are sitting at:

  • 0.18 for the present operating margin
  • 0.63 for the gross margin

The net margin for Kite Realty Group Trust stands at 0.06. The total capital return value is set at 0.02. Equity return is now at value 1.30, with 0.66 for asset returns.

Based on Kite Realty Group Trust (KRG), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is 2.6.

Currently, EBITDA for the company is 556.48 million with net debt to EBITDA at 6.03. When we switch over and look at the enterprise to sales, we see a ratio of 9.19. The receivables turnover for the company is 7.29for trailing twelve months and the total asset turnover is 0.12.

Conclusion

To sum up, Kite Realty Group Trust (KRG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.

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