Kite Realty Group Trust (KRG) Shares Up Despite Recent Market Volatility

Kite Realty Group Trust (NYSE: KRG)’s stock price has increased by 1.37 compared to its previous closing price of 21.97. However, the company has seen a 3.92% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-30 that Retail REITs are undervalued in the market, with Kite Realty Group being particularly cheap. Shopping center REITs are trading at a discount compared to the broader REIT market. Kite Realty Group has a strong balance sheet, improving credit profile, and strong growth potential.

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

The price-to-earnings ratio for Kite Realty Group Trust (NYSE: KRG) is above average at 87.06x, Company’s 36-month beta value is 1.33.Analysts have differing opinions on the stock, 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 217.68M, and currently, short sellers hold a 2.68% ratio of that floaft. The average trading volume of KRG on June 07, 2024 was 1.67M shares.

KRG’s Market Performance

KRG stock saw an increase of 3.92% in the past week, with a monthly gain of 3.25% and a quarterly increase of 4.36%. The volatility ratio for the week is 1.68%, and the volatility levels for the last 30 days are 1.48% for Kite Realty Group Trust (KRG). The simple moving average for the past 20 days is 4.64% for KRG’s stock, with a 3.84% simple moving average for the past 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 5.64% 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 -8.10% of loss for the given period.

Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +4.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.50% upper at present.

During the last 5 trading sessions, KRG rose by +3.92%, which changed the moving average for the period of 200-days by +3.20% in comparison to the 20-day moving average, which settled at $21.33. In addition, Kite Realty Group Trust saw -2.58% 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 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 9.91. The receivables turnover for the company is 7.0for trailing twelve months and the total asset turnover is 0.11.

Conclusion

In a nutshell, Kite Realty Group Trust (KRG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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