KRG Stock Summary and Trading Ideas (Kite Realty Gr Trust | NYSE:KRG)

Kite Realty Group Trust specializes in owning, operating, acquiring, developing, and redeveloping high-quality open-air shopping centers and mixed-use assets. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.

Kite Realty Gr Trust trades on the NYSE stock market under the symbol KRG.

As of April 23, 2024, KRG stock price climbed to $21.69 with 3,269,886 million shares trading.

KRG has a beta of 0.96, meaning it tends to be less sensitive to market movements. KRG has a correlation of 0.22 to the broad based SPY ETF.

KRG has a market cap of $4.76 billion. This is considered a Mid Cap stock.

In the last 3 years, KRG stock traded as high as $24.26 and as low as $16.42.

The top ETF exchange traded funds that KRG belongs to (by Net Assets): VNQ, VTI, IJH, VB, IWM.

KRG has underperformed the market in the last year with a return of +7.1%, while the SPY ETF gained +24.3%. In the last 3 month period, KRG fell short of the market, returning +0.2%, while SPY returned +4.9%. However, in the most recent 2 weeks KRG has outperformed the stock market by returning +4.8%, while SPY returned -2.5%.

KRG support price is $21.03 and resistance is $21.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KRG stock will trade within this expected range on the day.