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The price of Kite Realty Group Trust (NYSE: KRG) closed at $23.60 in the last session, down -2.16% from day before closing price of $24.12. In other words, the price has decreased by -$2.16 from its previous closing price. On the day, 1.24 million shares were traded. KRG stock price reached its highest trading level at $24.19 during the session, while it also had its lowest trading level at $23.59.
Ratios:
We take a closer look at KRG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.36. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.88.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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.
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 5271319552 and an Enterprise Value of 8394591232. As of this moment, Kite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 92.26, and their Forward P/E ratio for the next fiscal year is 67.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 10.191 whereas that against EBITDA is 18.833.
Stock Price History:
The Beta on a monthly basis for KRG is 1.33, which has changed by 0.03690684 over the last 52 weeks, in comparison to a change of 0.19608545 over the same period for the S&P500. Over the past 52 weeks, KRG has reached a high of $24.26, while it has fallen to a 52-week low of $19.64. The 50-Day Moving Average of the stock is 7.03%, while the 200-Day Moving Average is calculated to be 9.65%.
Shares Statistics:
According to the various share statistics, KRG traded on average about 1.37M shares per day over the past 3-months and 1226540 shares per day over the past 10 days. A total of 219.45M shares are outstanding, with a floating share count of 217.68M. Insiders hold about 0.88% of the company’s shares, while institutions hold 92.55% stake in the company. Shares short for KRG as of 1719532800 were 4760452 with a Short Ratio of 3.48, compared to 1717113600 on 6236050. Therefore, it implies a Short% of Shares Outstanding of 4760452 and a Short% of Float of 3.1600002000000003.
Dividends & Splits
The forward annual dividend rate for KRG is 0.99, which was 0.98 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.04063018The stock’s 5-year Average Dividend Yield is 5.24. The current Payout Ratio is 448.66% for KRG, which recently paid a dividend on 2024-07-09 with an ex-dividend date of 1720483200. Stock splits for the company last occurred on 2014-08-12 when the company split stock in a 1:4 ratio.
