Kite Realty Group Trust [KRG] stock is trading at $20.09, up 0.85%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KRG shares have gain 0.85% over the last week, with a monthly amount drifted -3.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kite Realty Group Trust [NYSE: KRG] stock has seen the most recent analyst activity on September 05, 2023, when Raymond James downgraded its rating to a Mkt Perform. Previously, Wells Fargo started tracking the stock with Underweight rating on May 24, 2023, and set its price target to $20. On April 24, 2023, JP Morgan initiated with a Neutral rating and assigned a price target of $23 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $25 on January 06, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $25 on November 09, 2022. Citigroup upgraded its rating to Buy for this stock on September 19, 2022, and upped its price target to $22. In a note dated June 30, 2022, Jefferies downgraded an Hold rating on this stock and revised its target price from $27 to $20.
Kite Realty Group Trust [KRG] stock has fluctuated between $19.12 and $24.23 over the past year. Currently, Wall Street analysts expect the stock to reach $26.67 within the next 12 months. Kite Realty Group Trust [NYSE: KRG] shares were valued at $20.09 at the most recent close of the market. An investor can expect a potential return of 32.75% based on the average KRG price forecast.
Analyzing the KRG fundamentals
Kite Realty Group Trust [NYSE:KRG] reported sales of 827.84M for the trailing twelve months, which represents a drop of -2.13%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.92 points at the first support level, and at 19.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.23, and for the 2nd resistance point, it is at 20.37.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.33, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 93.05.
Transactions by insiders
Recent insider trading involved Grimes Steven P, Director, that happened on Dec 14 ’23 when 21500.0 shares were sold. Chairman & CEO, Kite John A completed a deal on Dec 01 ’23 to sell 60000.0 shares. Meanwhile, Director WURTZEBACH CHARLES H sold 255.0 shares on Jun 15 ’23.
