The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Kite Realty Group Trust (NYSE: KRG) closed at $21.57 up 2.52% from its previous closing price of $21.04. In other words, the price has increased by $2.52 from its previous closing price. On the day, 1.72 million shares were traded. KRG stock price reached its highest trading level at $21.76 during the session, while it also had its lowest trading level at $21.17.
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 13.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.79. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.90.
On May 24, 2023, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $20.Wells Fargo initiated its Underweight rating on May 24, 2023, with a $20 target price.
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 Dec 14 ’23 when Grimes Steven P sold 21,500 shares for $23.70 per share. The transaction valued at 509,550 led to the insider holds 763,314 shares of the business.
Kite John A sold 60,000 shares of KRG for $1,314,600 on Dec 01 ’23. The Chairman & CEO now owns 104,121 shares after completing the transaction at $21.91 per share. On Jun 15 ’23, another insider, WURTZEBACH CHARLES H, who serves as the Director of the company, sold 255 shares for $21.11 each. As a result, the insider received 5,383 and left with 61,737 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 4816818176 and an Enterprise Value of 7896379392. As of this moment, Kite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 85.80, and their Forward P/E ratio for the next fiscal year is 78.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.73 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 9.587 whereas that against EBITDA is 17.72.
Stock Price History:
Over the past 52 weeks, KRG has reached a high of $24.23, while it has fallen to a 52-week low of $19.12. The 50-Day Moving Average of the stock is 2.64%, while the 200-Day Moving Average is calculated to be -0.33%.
Shares Statistics:
For the past three months, KRG has traded an average of 1.99M shares per day and 1948970 over the past ten days. A total of 219.45M shares are outstanding, with a floating share count of 217.74M. Insiders hold about 0.85% of the company’s shares, while institutions hold 94.20% stake in the company. Shares short for KRG as of 1713139200 were 5848205 with a Short Ratio of 2.93, compared to 1710460800 on 6340276. Therefore, it implies a Short% of Shares Outstanding of 5848205 and a Short% of Float of 3.88.
Dividends & Splits
According to the company, the forward annual dividend rate for KRG is 0.98, from 0.98 in the trailing year. Against a Trailing Annual Dividend Yield of 0.046577945The stock’s 5-year Average Dividend Yield is 5.37.
