Kite Realty Group Trust [NYSE: KRG] jumped around 0.47 points on Thursday, while shares priced at $20.56 at the close of the session, up 2.34%.
Compared to the average trading volume of 1.89M shares, KRG reached a trading volume of 2533767 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Kite Realty Group Trust [KRG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KRG shares is $25.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KRG stock is a recommendation set at 2.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Kite Realty Group Trust shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2024. The new note on the price target was released on September 05, 2023, representing the official price target for Kite Realty Group Trust stock. Previously, the target price had yet another raise to $20, while Wells Fargo analysts kept a Underweight rating on KRG stock.
The Average True Range (ATR) for Kite Realty Group Trust is set at 0.43, with the Price to Sales ratio for KRG stock in the period of the last 12 months amounting to 5.45. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 0.19. Price to Free Cash Flow for KRG in the course of the last twelve months was 17.90.
How has KRG stock performed recently?
Kite Realty Group Trust [KRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.88. With this latest performance, KRG shares dropped by -1.25% in over the last four-week period, additionally sinking by -2.10% over the last 6 months – not to mention a drop of -1.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KRG stock in for the last two-week period is set at 48.32, with the RSI for the last a single of trading hit 51.77, and the three-weeks RSI is set at 47.00 for Kite Realty Group Trust [KRG]. The present Moving Average for the last 50 days of trading for this stock 21.03, while it was recorded at 20.16 for the last single week of trading, and 21.74 for the last 200 days.
Insider trade positions for Kite Realty Group Trust [KRG]
The top three institutional holders of KRG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in KRG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in KRG stock with ownership which is approximately 5.8386%.
