The stock of Kite Realty Group Trust (KRG) has gone up by 2.56% for the week, with a 2.00% rise in the past month and a 24.64% rise in the past quarter. The volatility ratio for the week is 1.48%, and the volatility levels for the past 30 days are 1.99% for KRG. The simple moving average for the last 20 days is 4.88% for KRG stock, with a simple moving average of 18.11% for the last 200 days.
Is It Worth Investing in Kite Realty Group Trust (NYSE: KRG) Right Now?
Additionally, the 36-month beta value for KRG is 1.31. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 6 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KRG is 217.74M and currently, short sellers hold a 2.83% ratio of that float. The average trading volume of KRG on August 29, 2024 was 1.40M shares.
KRG) stock’s latest price update
Kite Realty Group Trust (NYSE: KRG) has seen a rise in its stock price by 0.15 in relation to its previous close of 25.96. However, the company has experienced a 2.56% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-26 that The “Margin of Safety” concept is crucial for investors, providing a buffer in price to increase chances of profits. REITs like Cousins Properties and Kite Realty Group offer strong investment opportunities in the office and shopping center sectors. The “Margin of Safety” concept is not foolproof, yet I consider it one of the most important methods for helping investors separate the wheat from the chaff.
Analysts’ Opinion of KRG
Raymond James, on the other hand, stated in their research note that they expect to see KRG reach a price target of $28. The rating they have provided for KRG stocks is “Strong Buy” according to the report published on August 16th, 2024.
Jefferies gave a rating of “Buy” to KRG, setting the target price at $23 in the report published on April 18th of the current year.
KRG Trading at 10.02% 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 -0.23% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +5.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.88% upper at present.
During the last 5 trading sessions, KRG rose by +2.56%, which changed the moving average for the period of 200-days by +25.85% in comparison to the 20-day moving average, which settled at $24.86. In addition, Kite Realty Group Trust saw 13.74% in overturn over a single year, with a tendency to cut further gains.
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
- 0.51 for the gross margin
The net margin for Kite Realty Group Trust stands at -0.03. The total capital return value is set at 0.02. Equity return is now at value -0.69, with -0.35 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 0.14. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is -2.65.
Currently, EBITDA for the company is 556.48 million with net debt to EBITDA at 6.85. When we switch over and look at the enterprise to sales, we see a ratio of 10.58. The receivables turnover for the company is 6.92for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In conclusion, Kite Realty Group Trust (KRG) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
