What Kite Realty Group Trust (KRG) Insiders Are Up To


Kite Realty Group Trust (NYSE:KRG) finished Wednesday with a subtraction of -$0.21 to close at $18.68, a downside of -1.11 percent. An average of 1,439,900 shares of common stock have been traded in the last five days. There was a fall of -$0.25 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,182,760 shares traded, while the 50-day average volume stands at 1,234,712.

KRG stock has decreased by -7.48% in the last month. The company shares reached their 1-month lowest point of $18.37 on 09/16/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $16.68 and a high of $23.35 in 52 weeks. It has reached a new high 6 times so far this year and lost -14.23% or -$3.10 in price. In spite of this, the price is down -20.00% from the 52-week high.

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Insider Transactions

275 days have passed since Kite Realty Group Trust (KRG) last reported insider trading activity. Kite John A, who is Chairman & CEO, most recently acquired $25,000 shares at $20.93 per share on Dec 21.

Valuation Metrics

Kite Realty Group Trust (KRG) stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.39, the price-to-book (PB) ratio at 1.05.

The company’s most recent quarterly dividend payment was $0.22 a share, representing a up of 4.76% from $0.21 last year. Its latest increase dividend $0.01 reported on Wednesday August 10 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.77 for the quarter ending June 29. Its gross profit as reported stood at -$21.52 million compared to revenue of $373.32 million.

Earnings Surprise

For the three-month period that ended June 29, Kite Realty Group Trust had $125.0 million in cash and short-term investments compared to $3.18 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$16.97 million in the quarter, while revenues were grew 248.62%. The analyst consensus anticipated Kite Realty Group Trust’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be $0.06, a 154.50% surprise. For the quarter, EBITDA amounted to $153.64 million. At the end of the quarter ending June 29, Kite Realty Group Trust’s stock balance sheet showed total debt was $3.08 billion. Shareholders own equity worth $219.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Kite Realty Group Trust (KRG) price momentum. RSI 9-day as of the close on 21 September was 35.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.18%.

As of today, KRG’s price is $18.90 -1.32% or -$0.25 from its 5-day moving average. KRG is currently trading -7.48% lower than its 20-day SMA and -17.49% lower than its 100-day SMA. However, the stock’s current price level is +6.50% above the SMA50 and -8.97% below the SMA200.

The stochastic %K and %D were 30.29% and 31.06%, respectively, and the average true range (ATR) was 0.53. With the 14-day stochastic at 16.67% and the average true range at 0.52, the RSI (14) stands at 39.17%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.

Analyst Ratings

Citigroup upgraded Kite Realty Group Trust (NYSE: KRG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.


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