Business

Kite Realty Group Trust (NYSE:KRG) under Limelight

Kite Realty Group Trust (NYSE:KRG) shares traded 2.36% up during most recent session to reach at the closing price of $19.08. The stock exchanged hands 2.04 Million shares versus average trading capacity of 899.01 Million shares, yielding a market cap of $1.63 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $24.75 within the next 52-weeks. The mean target projections are based on 10 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Kite Realty Group Trust (NYSE:KRG) high price target of $29 and with a conservative view have low price target of $21.

Baird “Upgrades” Kite Realty Group Trust (NYSE:KRG) in a research note issued to investors on 3/13/17 to Outperform with price target of $24.

Additionally on 1/09/17 Raymond James “Upgrades” Kite Realty Group Trust (NYSE:KRG) to Strong Buy setting price target at $0 and on 12/13/16 Citigroup “Downgrades” the stock to Neutral at $0. Furthermore on 12/12/16 Stifel Nicolaus “Downgrades” the stock to Hold at $0.

On the other hand the company has Relative Strength Index (RSI 14) of 42.78 along with Average True Range (ATR 14) of 0.57, Consequently Kite Realty Group Trust (NYSE:KRG)’s weekly and monthly volatility is 3.72%, 3.00% respectively. The company’s beta value is at 0.59.

In terms of Buy, Sell or Hold recommendations, Kite Realty Group Trust (NYSE:KRG) has analysts’ mean recommendation of 1.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Previously Kite Realty Group Trust (NYSE:KRG) reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company posted an earnings surprise of 2%.

Currently Kite Realty Group Trust (NYSE:KRG)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 93.4%. However the six-month change in the insider ownership was recorded -18.34%, as well as three-month change in the institutional ownership was recorded -1.38%.

Kite Realty Group Trust (NYSE:KRG) 52-week high price stands at $29.32 and low price stands at $17.74, its price distance from 52-week high is -34.93% while its distance from 52-week low price is 7.55%. The stock hit its 52-week high on 07/29/16, and 52-week low on 05/17/17.

Kite Realty Group Trust (NYSE:KRG)’s trailing twelve month revenues are $355.7 Million, whereas its price to sales ratio for the same period is 4.62. Its book value per share for the most recent quarter is $19.38 while its price to book ratio for the same period is 0.98, as for as the company’s cash per share for the most recent quarter is $0.26, however its price to cash per share ratio for the same period is 72.66. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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