Kite Realty Group Trust (NYSE: KRG) has a higher price-to-earnings ratio of 85.80x compared to its average ratio. KRG has 36-month beta value of 1.30. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for KRG is 217.74M, and currently, short sellers hold a 2.69% ratio of that float. The average trading volume of KRG on May 08, 2024 was 1.99M shares.
KRG) stock’s latest price update
Kite Realty Group Trust (NYSE: KRG)’s stock price has plunge by 2.52relation to previous closing price of 21.04. Nevertheless, the company has seen a -1.06% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 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?
KRG’s Market Performance
Kite Realty Group Trust (KRG) has experienced a -1.06% fall in stock performance for the past week, with a 4.20% rise in the past month, and a 0.14% rise in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 2.29% for KRG. The simple moving average for the last 20 days is 3.10% for KRG stock, with a simple moving average of -0.33% for the last 200 days.
Analysts’ Opinion of KRG
Many brokerage firms have already submitted their reports for KRG stocks, with Jefferies repeating the rating for KRG by listing it as a “Buy.” The predicted price for KRG in the upcoming period, according to Jefferies is $23 based on the research report published on April 18, 2024 of the current year 2024.
Wells Fargo gave a rating of “Underweight” to KRG, setting the target price at $20 in the report published on May 24th of the previous year.
KRG Trading at 2.64% 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 -10.99% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares surge +3.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.55% upper at present.
During the last 5 trading sessions, KRG fell by -1.06%, which changed the moving average for the period of 200-days by -7.42% in comparison to the 20-day moving average, which settled at $20.96. In addition, Kite Realty Group Trust saw -5.64% 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:
- 0.19 for the present operating margin
- 0.63 for the gross margin
The net margin for Kite Realty Group Trust stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 1.55, with 0.78 for asset returns.
Based on Kite Realty Group Trust (KRG), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 57.57.
Currently, EBITDA for the company is 556.48 million with net debt to EBITDA at 6.91. When we switch over and look at the enterprise to sales, we see a ratio of 9.46. The receivables turnover for the company is 7.0for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To put it simply, Kite Realty Group Trust (KRG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
