In the latest session, Kite Realty Group Trust (NYSE: KRG) closed at $19.82 down -2.41% from its previous closing price of $20.31. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 1554998 shares were traded. KRG stock price reached its highest trading level at $20.09 during the session, while it also had its lowest trading level at $19.67.
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Ratios:
For a deeper understanding of Kite Realty Group Trust’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 100.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 152.80. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.80.
Upgrades & Downgrades
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 30 when Grimes Steven P sold 12,946 shares for $22.35 per share. The transaction valued at 289,343 led to the insider holds 778,506 shares of the business.
Grimes Steven P sold 32,054 shares of KRG for $712,240 on Nov 23. The Director now owns 791,452 shares after completing the transaction at $22.22 per share. On Nov 21, another insider, Grimes Steven P, who serves as the Director of the company, sold 46,500 shares for $21.77 each. As a result, the insider received 1,012,305 and left with 823,506 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KRG now has a Market Capitalization of 4.50B and an Enterprise Value of 7.47B. As of this moment, Kite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 460.93, and their Forward P/E ratio for the next fiscal year is 220.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.40 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 9.17 whereas that against EBITDA is 13.08.
Stock Price History:
Over the past 52 weeks, KRG has reached a high of $23.10, while it has fallen to a 52-week low of $16.42. The 50-Day Moving Average of the stock is 20.27, while the 200-Day Moving Average is calculated to be 20.46.
Shares Statistics:
For the past three months, KRG has traded an average of 1.40M shares per day and 1.18M over the past ten days. A total of 219.23M shares are outstanding, with a floating share count of 217.32M. Insiders hold about 0.50% of the company’s shares, while institutions hold 102.29% stake in the company. Shares short for KRG as of May 14, 2023 were 7.45M with a Short Ratio of 7.86M, compared to 7.76M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.40% and a Short% of Float of 4.83%.
Dividends & Splits
According to the company, the forward annual dividend rate for KRG is 0.96, from 0.91 in the trailing year. Against a Trailing Annual Dividend Yield of 4.48%, it implies a Forward Annual Dividend Yield of 4.84%. The stock’s 5-year Average Dividend Yield is 6.06.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.03, while EPS last year was $0.06. The consensus estimate for the next quarter is -$0.01, with high estimates of -$0.01 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.14 and -$0.14 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is $0.09, with 3 analysts recommending between $0.2 and -$0.02.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $201.45M this quarter.It ranges from a high estimate of $202.9M to a low estimate of $199M. As of the current estimate, Kite Realty Group Trust’s year-ago sales were $202.6M, an estimated decrease of -0.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $202.51M, an increase of 1.10% over than the figure of -$0.60% in the same quarter last year. There is a high estimate of $204.96M for the next quarter, whereas the lowest estimate is $200M.
A total of 4 analysts have provided revenue estimates for KRG’s current fiscal year. The highest revenue estimate was $815.52M, while the lowest revenue estimate was $811M, resulting in an average revenue estimate of $813.51M. In the same quarter a year ago, actual revenue was $802M, up 1.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $840.57M in the next fiscal year. The high estimate is $859M and the low estimate is $822.52M. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.
