Are You Interested In Investing In Kite Realty Group Trust (KRG)? Check This Out First


As of Friday close, Kite Realty Group Trust’s (NYSE:KRG) stock was down -$0.67, moving down -3.41 percent to $18.99. The average number of shares traded per day over the past five days has been 2,075,920 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.27 fall in that time frame. In the last twenty days, the average volume was 1,528,840, while in the previous 50 days, it was 1,753,256.

Since last month, KRG stock retreated -15.97%. Shares of the company fell to $18.83 on 03/17/23, the lowest level in the past month. A 52-week high of $23.35 was reached on 02/16/23 after having rallying from a 52-week low of $16.42. Since the beginning of this year, KRG’s stock price has dropped by -9.79% or -$2.06, and marked a new high 5 times. However, the stock has declined by -18.67% since its 52-week high.

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KRG stock investors should be aware that Kite Realty Group Trust (KRG) stock had its last reported insider trading activity 108 days ago on Nov 30. Grimes Steven P, the Director of the company, disposed of 12,946 shares for $22.35 on Nov 30. It resulted in a $289,343 divestment by the insider. Grimes Steven P sold 32,054 shares at an average price of $22.22 on Nov 23. The insider now owns 791,452 shares following the transaction. On Nov 21, Director Grimes Steven P sold 46,500 shares at $21.77 apiece. The transaction was valued at $1,012,305.

Valuation Metrics

The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 5.44, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 105.86 may also be considered.

The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.80, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 73.60% percent. In the year ended December 30, operating margins totaled 11.40%. Based on annual data, KRG earned $91.67 million in gross profit and brought in $802.0 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.40%. Return on equity (ROE) for the past 12 months was -0.30%.

In Kite Realty Group Trust’s quarter-end financial report for December 30, it reported total debt of $3.18 billion against cash and short-term investments of $125.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KRG’s revenue rose 64.31% to $162.95 million during the quarter, while net income inched up to $194.39 million. While analysts expected Kite Realty Group Trust to report -$0.06 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by 83.30%.

Technical Picture

This quick technical analysis looks at Kite Realty Group Trust’s (KRG) price momentum. With a historical volatility rate of 32.50%, the RSI 9-day stood at 21.20% on 17 March.

With respect to its five-day moving average, the current Kite Realty Group Trust price is down by -6.27% percent or -$1.27. At present, KRG shares trade -16.45% below its 20-day simple moving average and +5.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.77% below its SMA50 and -9.40% below its SMA200.

Stochastic coefficient K was 11.03% and Stochastic coefficient D was 18.09%, while ATR was 0.70. Given the Stochastic reading of 4.89% for the 14-day period, the RSI (14) reading has been calculated as 27.51%. As of today, the MACD Oscillator reading stands at -0.83, while the 14-day reading stands at -1.28.


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