Kite Realty Group Trust (NYSE:KRG) went down by -4.94% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the REIT – Retail giant went up by $11.92 to trade ended Wednesday trading at $12.54. This is down from the $12.54 price recorded on Tuesday’s trading session. Thanks to this latest performance, KRG is closer to the higher price 52-week target of $17.00 and further from the lowest price target of $8.00. Its performance from the start of the year has also been negative, with KRG down by -38.97% year-to-date.
Kite Realty Group Trust (KRG) started the day trading at $12.5 and recorded an intraday high of $12.5. It also recorded an intraday low of $11.81 during Wednesday’s trading session. Kite Realty Group Trust is a very active stock that recorded a trading volume that is less than -43.16% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 611820, which is less than -43.16 of the total average daily trading volume of 875.89K.
Kite Realty Group Trust (NYSE:KRG) 2020 Performance Impressive
The increase in KRG’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of KRG currently stands at $19.77, which is higher than the current trading price of the stock by 39.71%. However, KRG’s current trading price is -73.51% lower than the 52-week low price of $6.87. In terms of trading volume, Kite Realty Group Trust currently experienced healthy participation during the last trading session. 611820 shares of Kite Realty Group Trust were traded on the stock exchange on Wednesday, which is less than -43.16% of the 875.89K average trading volume of the stock.
The performance of the stock has been positive over the past year. KRG’s performance over the past one year has seen it plunge by -26.01%, while the stock has gone down by -34.29% in the last six months. The quarterly performance of KRG currently stands at 42.24%, and it is up by 24.82% in the last month. The only negative figure was from the weekly performance, which currently reads -7.02%. At the time of writing KRG’s report, the company has a total market cap of $943.47M, making it one of the largest publicly-traded companies in the world.Kite Realty Group Trust also has over 133 employees all over the world.
KRG Insider Activities
For Kite Realty Group Trust, insiders hold 96.60% of all company shares. The insider transactions over the past six months are up by 43.40%. During that period, insiders bought 163,834 shares in 13 transactions. In that same period, insiders sold 27,346 of their shares in 4 transactions. After these transactions, insiders at Kite Realty Group Trust now hold 619.11k shares, which is over 96.60% of the total company stocks. Institutional investors currently hold a large chunk of the KRG shares, as they control 0.74% of the company’s total stock.
KRG Fundamental Analysis
For Kite Realty Group Trust, the stock’s diluted earnings per share (EPS) stands at -0.08. In the coming year, analysts expect the EPS to be -0.03. The stock’s EPS growth this year is 98.90%, 53.70% in the previous five years. In terms of revenue, Kite Realty Group Trust’s quarterly sales (YOY) is shrinking at -0.05, which is lower than the average annual revenue of 53.70% over the past half a decade.
The Return on Investment (ROI) on Kite Realty Group Trust’s stock currently stands at 2.50%, and it has a net profit margin of -2.10%. The operating margin of the company is 16.60%, and its gross margin is 72.70%.
KRG Analysts Prediction
KRG received a positive rating from Compass Point, which set a price target of $13.50-$14.50 for the stock.
At the moment, Kite Realty Group Trust’s Total Debt to Equity ratio stands at 1.15, and they have a long-term Debt to Equity ratio of 1.15.
KRG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of KRG currently stands at 4.04%, while the SMA50 is 20.32%. The biggest one is the SMA200, which is currently reading -20.38% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 54.77.