Is There More Upside Ahead For Kite Realty Group Trust (NYSE: KRG)

Kite Realty Group Trust (KRG) concluded trading on Wednesday at a closing price of $21.18, with 5.05 million shares of worth about $107.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.84% during that period and on Wednesday the price saw a loss of about -1.44%. Currently the company’s common shares owned by public are about 219.45M shares, out of which, 217.52M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 90,405 shares in 16 of the transactions. In 2 selling transactions, insiders dumped 3,020 shares.

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Stock saw a price change of -0.94% in past 5 days and over the past one month there was a price change of -3.02%. Year-to-date (YTD), KRG shares are showing a performance of -7.35% which decreased to -4.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.71 but also hit the highest price of $24.23 during that period. The average intraday trading volume for Kite Realty Group Trust shares is 1.89 million. The stock is currently trading -1.87% below its 20-day simple moving average (SMA20), while that difference is down -4.37% for SMA50 and it goes to -2.20% lower than SMA200.

Kite Realty Group Trust (NYSE: KRG) currently have 219.45M outstanding shares and institutions hold larger chunk of about 95.78% of that.

The stock has a current market capitalization of $4.65B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 98.10, while it has posted earnings per share of $0.22 in the same period. It has a debt-to-equity ratio of 0.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KRG, volatility over the week remained 2.61% while standing at 2.22% over the month.

Analysts are in expectations that Kite Realty Group Trust (KRG) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.12 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -43.83% while it is estimated to increase by 65.34% in next year.

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