Kite Realty Group Trust (NYSE:KRG) shares, rose in value, with the stock price down by -0.65% to the previous day’s close as strong demand from buyers drove the stock to $21.26.
Actively observing the price movement in the last trading, the stock closed the session at $21.40. The PE ratio was 98.47 over 12-month period. Referring to stock’s 52-week performance, its high was $24.23, and the low was $19.12. On the whole, KRG has fluctuated by -0.84% over the past month.
The company’s Forward Dividend Ratio is 0.98, with its dividend yield at 4.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 833.84M, with a low estimate of 200.98M and a high estimate of 209M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 205.29M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KRG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KRG currently trading nearly 2.49% and 1.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.12, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 1.97%. Furthermore, Kite Realty Group Trust (KRG)’s beta value is 1.29, and its average true range (ATR) is 0.44.
A comparison of Kite Realty Group Trust (KRG) with its peers suggests the former has fared considerably weaker in the market. KRG showed an intraday change of -0.65% in last session, and over the past year, it grew by 7.17%%.
Data on historical trading for Kite Realty Group Trust (NYSE:KRG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.95 million. According to company’s latest data on outstanding shares, there are 219.45 million shares outstanding.
Nearly 0.85% of Kite Realty Group Trust’s shares belong to company insiders and institutional investors own 94.01% of the company’s shares. The stock has fallen by -7.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KRG stock heading into the next quarter.
