The stock of Kite Realty Group Trust (KRG) has gone up by 1.61% for the week, with a 7.67% rise in the past month and a 6.92% rise in the past quarter. The volatility ratio for the week is 1.07%, and the volatility levels for the past 30 days are 2.28% for KRG. The simple moving average for the last 20 days is 3.09% for KRG’s stock, with a simple moving average of 18.47% for the last 200 days.
Is It Worth Investing in Kite Realty Group Trust (NYSE: KRG) Right Now?
Company’s 36-month beta value is 1.30.Analysts have differing opinions on the stock, with 6 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 217.83M, and currently, short sellers hold a 2.55% ratio of that floaft. The average trading volume of KRG on November 27, 2024 was 1.42M shares.
KRG) stock’s latest price update
Kite Realty Group Trust (NYSE: KRG)’s stock price has soared by 1.24 in relation to previous closing price of 27.46. Nevertheless, the company has seen a gain of 1.61% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-31 that Kite Realty Group Trust (NYSE:KRG ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Bryan McCarthy – SVP, Corporate Marketing and Communications John Kite – Chairman and CEI Heath Fear – EVP and CFO Tom McGowan – President and COO Conference Call Participants Todd Thomas – KeyBanc Capital Markets Alexander Goldfarb – Piper Sandler Floris Van Dijkum – Compass Point Craig Mailman – Citi Andrew Reale – Bank of America Dori Kesten – Wells Fargo Securities Linda Tsai – Jefferies Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Kite Realty Group Trust Earnings Conference Call.
Analysts’ Opinion of KRG
Many brokerage firms have already submitted their reports for KRG stocks, with Wells Fargo repeating the rating for KRG by listing it as a “Equal Weight.” The predicted price for KRG in the upcoming period, according to Wells Fargo is $26 based on the research report published on August 28, 2024 of the current year 2024.
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 5.15% 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 -0.50% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 1.07%, as shares surge +8.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.12% upper at present.
During the last 5 trading sessions, KRG rose by +1.61%, which changed the moving average for the period of 200-days by +28.29% in comparison to the 20-day moving average, which settled at $26.97. In addition, Kite Realty Group Trust saw 21.61% 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 37,295 shares at the price of $26.80 back on Sep 16 ’24. After this action, Grimes Steven P now owns 732,252 shares of Kite Realty Group Trust, valued at $999,506 using the latest closing price.
Grimes Steven P, the Director of Kite Realty Group Trust, sale 21,500 shares at $23.70 during a trade that took place back on Dec 14 ’23, which means that Grimes Steven P is holding 763,314 shares at $509,550 based on the most recent closing price.
Stock Fundamentals for KRG
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.5 for the gross margin
The net margin for Kite Realty Group Trust stands at -0.01. The total capital return value is set at 0.02. Equity return is now at value -0.28, with -0.14 for asset returns.
Based on Kite Realty Group Trust (KRG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 1.32.
Currently, EBITDA for the company is 556.48 million with net debt to EBITDA at 6.22. When we switch over and look at the enterprise to sales, we see a ratio of 11.37. The receivables turnover for the company is 7.3for trailing twelve months and the total asset turnover is 0.12.
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.
