On Friday, Kite Realty Group Trust (NYSE: KRG) opened higher 1.48% from the last session, before settling in for the closing price of $26.44. Price fluctuations for KRG have ranged from $19.64 to $26.45 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 25.93%. Company’s average yearly earnings per share was noted -76.32% at the time writing. With a float of $217.74 million, this company’s outstanding shares have now reached $219.45 million.
Let’s determine the extent of company efficiency that accounts for 229 employees. In terms of profitability, gross margin is 50.93%, operating margin of 17.64%, and the pretax margin is -3.52%.
Kite Realty Group Trust (KRG) Insider Activity
A key investor’s attitude towards the stock of the REIT – Retail industry is another important factor to consider. The insider ownership of Kite Realty Group Trust is 0.88%, while institutional ownership is 92.49%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -76.32% per share during the next fiscal year.
Kite Realty Group Trust (NYSE: KRG) Trading Performance Indicators
Check out the current performance indicators for Kite Realty Group Trust (KRG). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.08. Likewise, its price to free cash flow for the trailing twelve months is 21.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.11, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.37 in one year’s time.
Technical Analysis of Kite Realty Group Trust (KRG)
Looking closely at Kite Realty Group Trust (NYSE: KRG), its last 5-days average volume was 1.0 million, which is a drop from its year-to-date volume of 1.61 million. As of the previous 9 days, the stock’s Stochastic %D was 86.91%. Additionally, its Average True Range was 0.45.
During the past 100 days, Kite Realty Group Trust’s (KRG) raw stochastic average was set at 98.70%, which indicates a significant increase from 94.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.95% in the past 14 days, which was lower than the 20.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.59, while its 200-day Moving Average is $22.33. However, in the short run, Kite Realty Group Trust’s stock first resistance to watch stands at $26.96. Second resistance stands at $27.08. The third major resistance level sits at $27.26. If the price goes on to break the first support level at $26.66, it is likely to go to the next support level at $26.48. Should the price break the second support level, the third support level stands at $26.36.
Kite Realty Group Trust (NYSE: KRG) Key Stats
There are currently 219,604K shares outstanding in the company with a market cap of 5.89 billion. Presently, the company’s annual sales total 823,000 K according to its annual income of 47,500 K. Last quarter, the company’s sales amounted to 212,430 K and its income totaled -48,640 K.
