Kite Realty Group Trust [KRG] stock Upgrade by Wells Fargo analyst, price target now $26

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Kite Realty Group Trust [NYSE: KRG] plunged by -$0.37 during the normal trading session on while it closed the day at $25.67.

Kite Realty Group Trust stock has also loss -1.50% of its value over the past 7 days. However, KRG stock has inclined by 5.51% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.01% and gained 12.29% year-on date.

The market cap for KRG stock reached $5.64 billion, with 219.45 million shares outstanding and 217.83 million shares in the current float. Compared to the average trading volume of 1.40M shares, KRG reached a trading volume of 3365507 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $28.50 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 1.73. 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.

Wells Fargo have made an estimate for Kite Realty Group Trust shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 28, 2024. The new note on the price target was released on August 16, 2024, representing the official price target for Kite Realty Group Trust stock. Previously, the target price had yet another raise to $23, while Jefferies analysts kept a Buy rating on KRG stock.

The Average True Range (ATR) for Kite Realty Group Trust is set at 0.58, with the Price to Sales ratio for KRG stock in the period of the last 12 months amounting to 6.78. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 1.27. Price to Free Cash Flow for KRG in the course of the last twelve months was 20.92.

KRG stock trade performance evaluation

Kite Realty Group Trust [KRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.50. With this latest performance, KRG shares dropped by -1.42% in over the last four-week period, additionally plugging by 20.01% over the last 6 months – not to mention a rise of 20.40% 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 45.76, with the RSI for the last a single of trading hit 43.48, and the three-weeks RSI is set at 48.08 for Kite Realty Group Trust [KRG]. The present Moving Average for the last 50 days of trading for this stock 26.06, while it was recorded at 25.79 for the last single week of trading, and 22.97 for the last 200 days.

Earnings per share (EPS) analysis for Kite Realty Group Trust [KRG] stock

With the latest financial reports released by the company, Kite Realty Group Trust posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KRG.

Kite Realty Group Trust [KRG]: Institutional Ownership

There are presently around $95.53%, or 96.35%% of KRG stock, in the hands of institutional investors. The top three institutional holders of KRG stocks are: BLACKROCK INC. with ownership of 34.88 million shares, which is approximately 15.8884%. VANGUARD GROUP INC, holding 33.37 million shares of the stock with an approximate value of $$746.79 million in KRG stocks shares; and VANGUARD GROUP INC, currently with $$277.0 million in KRG stock with ownership which is approximately 5.6389%.