Trading Day Triumph: Kite Realty Group Trust (KRG) Ends at 25.85, a -0.88 Surge/Plunge

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Kite Realty Group Trust (NYSE: KRG) closed the day trading at $25.85 down -0.88% from the previous closing price of $26.08. In other words, the price has decreased by -$0.88 from its previous closing price. On the day, 0.81 million shares were traded. KRG stock price reached its highest trading level at $26.238 during the session, while it also had its lowest trading level at $25.77.

Ratios:

For a better understanding of KRG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.06. In the meantime, Its Debt-to-Equity ratio is 0.94 whereas as Long-Term Debt/Eq ratio is at 0.91.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 28, 2024, Upgraded its rating to Equal Weight and sets its target price to $26 from $23 previously.

On August 16, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Mkt Perform but kept the price unchanged to $28.

Jefferies Upgraded its Hold to Buy on April 18, 2024, while the target price for the stock was maintained at $23.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 5825555968 and an Enterprise Value of 8672270336. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.82 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 10.482 whereas that against EBITDA is 18.867.

Stock Price History:

Over the past 52 weeks, KRG has reached a high of $26.22, while it has fallen to a 52-week low of $19.64. The 50-Day Moving Average of the stock is 8.25%, while the 200-Day Moving Average is calculated to be 17.00%.

Shares Statistics:

Over the past 3-months, KRG traded about 1.38M shares per day on average, while over the past 10 days, KRG traded about 1164000 shares per day. A total of 219.45M shares are outstanding, with a floating share count of 217.74M. Insiders hold about 0.88% of the company’s shares, while institutions hold 92.63% stake in the company. Shares short for KRG as of 1723680000 were 6161668 with a Short Ratio of 4.46, compared to 1721001600 on 5174307. Therefore, it implies a Short% of Shares Outstanding of 6161668 and a Short% of Float of 4.0900003.

Dividends & Splits

KRG’s forward annual dividend rate is 0.99, up from 0.99 a year ago. Against a Trailing Annual Dividend Yield of 0.037960123The stock’s 5-year Average Dividend Yield is 5.09.

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