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Wednesday, September 27, 2023

Is Kite Realty Group Trust (NYSE: KRG) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Kite Realty Group Trust (KRG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.24, or 1.08%, to $22.52. The Kite Realty Group Trust has recorded 39,552 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Kite Realty Group Trust Reports Second Quarter 2023 Operating Results.

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Stocks Info

Kite Realty Group Trust is listed on the NYSE in the Real Estate sector while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $22.28 and fluctuated between $22.31 as its day high and $22.01 as its day low. The current market capitalization of Kite Realty Group Trust is $4.89B. A total of 1.33 million shares were traded on the day, compared to an average of 1.37M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, KRG has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 531 and the disposition of 255 shares. Over the last 12 months, there were 18 BUYs and 7 SELLs from insiders. Insiders purchased 176,104 shares during that period but sold 190,750.

In the most recent transaction, WURTZEBACH CHARLES H sold 255 shares of KRG for 21.11 per share on Jun 15. After the transaction, the Director now owns 61,737 company shares. In a previous transaction on Nov 30, Grimes Steven P sold 12,946 shares at 22.35 per share. KRG shares that Director owns now total 778,506.

Among the insiders who sold shares, Grimes Steven P disposed of 32,054 shares on Nov 23 at a per-share price of $22.22. This resulted in the Director holding 791,452 shares of KRG after the transaction. In another insider transaction, Grimes Steven P sold 46,500 shares at $21.77 per share on Nov 21. Company shares held by the Director now total 823,506.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Kite Realty Group Trust pays an annual dividend of $0.96, resulting in a dividend yield of 4.31%, and it has a price to earnings (P/E) ratio of 172.71. KRG’s most recent ex-dividend date was 10/5/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 10/13/2023. Previously, the company paid the dividend on 7/14/2023 with an ex-dividend date of 7/6/2023. The KRG stock dividend was $0.24 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for KRG in the last 3 months, the mean price target is $25.50 with high estimates of $28.00 and low estimates of $22.00. In terms of 52-week highs and lows, KRG has a high of $24.26 and a low of $16.42.

As of this writing, KRG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.02. The company reported an EPS of $0.02 in the last quarter, which was 166.70% higher than expectations of -$0.03.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. KRG’s latest balance sheet shows that the firm has $218.24M in Cash & Short Term Investments as of fiscal 2021. There were $3.15B in debt and $472.20M in liabilities at the time. Its Book Value Per Share was $16.83, while its Total Shareholder’s Equity was $3.93B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KRG is Buy with a score of 4.00.

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