A new trading day began on Tuesday, with Kite Realty Group Trust (NYSE: KRG) stock price down -0.50% from the previous day of trading, before settling in for the closing price of $20.02. KRG’s price has ranged from $19.12 to $24.23 over the past 52 weeks.
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Annual sales at Real Estate sector company grew by 25.93% over the past five years. Meanwhile, its annual earnings per share averaged -25.32%. With a float of $217.58 million, this company’s outstanding shares have now reached $219.45 million.
Let’s look at the performance matrix of the company that is accounted for 229 employees.
Kite Realty Group Trust (KRG) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Retail Industry. The insider ownership of Kite Realty Group Trust is 0.85%, while institutional ownership is 94.18%. The most recent insider transaction that took place on Dec 14 ’23, was worth 509,550. In this transaction Director of this company sold 21,500 shares at a rate of $23.70, taking the stock ownership to the 763,314 shares. Before that another transaction happened on Dec 01 ’23, when Company’s Chairman & CEO sold 60,000 for $21.91, making the entire transaction worth $1,314,600. This insider now owns 104,121 shares in total.
Kite Realty Group Trust (KRG) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 74.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.32% per share during the next fiscal year.
Kite Realty Group Trust (NYSE: KRG) Trading Performance Indicators
Here are Kite Realty Group Trust’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.28. Likewise, its price to free cash flow for the trailing twelve months is 17.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.22, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of Kite Realty Group Trust (KRG)
Kite Realty Group Trust (NYSE: KRG) saw its 5-day average volume 1.82 million, a negative change from its year-to-date volume of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 22.29%. Additionally, its Average True Range was 0.43.
During the past 100 days, Kite Realty Group Trust’s (KRG) raw stochastic average was set at 6.69%, which indicates a significant decrease from 12.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.92% in the past 14 days, which was higher than the 22.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.07, while its 200-day Moving Average is $21.76. Nevertheless, the first resistance level for the watch stands at $20.05 in the near term. At $20.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.38. If the price goes on to break the first support level at $19.71, it is likely to go to the next support level at $19.51. Assuming the price breaks the second support level, the third support level stands at $19.38.
Kite Realty Group Trust (NYSE: KRG) Key Stats
With a market capitalization of 4.37 billion, the company has a total of 219,448K Shares Outstanding. Currently, annual sales are 823,000 K while annual income is 47,500 K. The company’s previous quarter sales were 200,280 K while its latest quarter income was 7,910 K.
