As of Wednesday close, Kite Realty Group Trust’s (NYSE:KRG) stock was down -$0.38, moving down -1.67 percent to $22.38. The average number of shares traded per day over the past five days has been 1,092,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.56 fall in that time frame. In the last twenty days, the average volume was 1,336,110, while in the previous 50 days, it was 1,407,962.
Since last month, KRG stock retreated -3.03%. Shares of the company fell to $22.34 on 07/17/23, the lowest level in the past month. A 52-week high of $24.26 was reached on 08/01/23 after having rallying from a 52-week low of $16.42. Since the beginning of this year, KRG’s stock price has risen by 6.32% or $1.33, and marked a new high 10 times. However, the stock has declined by -7.75% since its 52-week high.
KRG stock investors should be aware that Kite Realty Group Trust (KRG) stock had its last reported insider trading activity 63 days ago on Jun 15. WURTZEBACH CHARLES H, the Director of the company, disposed of 255 shares for $21.11 on Jun 15. It resulted in a $5,383 divestment by the insider. Grimes Steven P sold 12,946 shares at an average price of $22.35 on Nov 30. The insider now owns 778,506 shares following the transaction. On Nov 23, Director Grimes Steven P sold 32,054 shares at $22.22 apiece. The transaction was valued at $712,240.
Valuation Metrics
Right now, Kite Realty Group Trust (KRG) has a P/E ratio of about 173.49. The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 6.05, the price-to-book (PB) ratio of 1.33, and the price-to-cash flow ratio of 20.87 may also be considered.
The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24. On Wednesday November 9 2022, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.80, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 74.00% percent. In the year ended June 29, operating margins totaled 16.30%. 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 0.80%.
In Kite Realty Group Trust’s quarter-end financial report for June 29, it reported total debt of $2.94 billion. 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 66.69% to $194.39 million during the quarter, while net income inched up to $208.76 million. While analysts expected Kite Realty Group Trust to report $0 quarterly earnings, the actual figure was $0.15 per share. During the quarter, the company generated $163.68 million in EBITDA. The value of shareholders’ equity is $219.37 million.
Technical Picture
This quick technical analysis looks at Kite Realty Group Trust’s (KRG) price momentum. With a historical volatility rate of 13.89%, the RSI 9-day stood at 30.74% on 16 August.
With respect to its five-day moving average, the current Kite Realty Group Trust price is down by -6.52% percent or -$1.56. At present, KRG shares trade -4.48% below its 20-day simple moving average and +17.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.23% above its SMA50 and +17.42% above its SMA200.
Stochastic coefficient K was 26.67% and Stochastic coefficient D was 32.64%, while ATR was 0.51. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 40.08%. As of today, the MACD Oscillator reading stands at -0.59, while the 14-day reading stands at -0.62.
Analyst Ratings
Wells Fargo launched its rating on Kite Realty Group Trust (NYSE: KRG) to an Underweight in a note to investors on May 24, 2023. Kite Realty Group Trust (KRG) has been rated Overweight by analysts. According to 1 brokerage firm, KRG is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Kite Realty Group Trust stock as buy, with 5 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $22.00 – $28.00. Based on these forecasts, analysts predict Kite Realty Group Trust (KRG) will achieve an average price target of $25.00.
