Worth Watching Stock for Traders: Kite Realty Group Trust (NYSE:KRG)

Jeffery Knight

Kite Realty Group Trust (NYSE:KRG) stock identified change of 7.17% away from 52-week low price and recently located move of -17.52% off 52-week high price. It has market worth of $1229.47M and dividend yield of 8.67%. KRG stock has been recorded -5.15% away from 50 day moving average and -6.98% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.97% off 20-day moving average.

On Aug. 16, 2019, Kite Realty Group Trust (NYSE:KRG) disclosed that its Board of Trustees declared a quarterly cash distribution of $0.3175 per common share for the quarter ending September 30, 2019. This distribution will be paid on or about September 27, 2019, to shareholders of record as of September 20, 2019.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. As of June 30, 2019, KRG owned interests in 103 operating and redevelopment properties totaling approximately 20 million square feet and one development project (0.5 million square feet) currently under construction.

The Financial sector company, Kite Realty Group Trust noticed change of 0.55% to $14.64 along volume of 331884 shares in recent session compared to an average volume of 510.08K. The stock observed return of -6.21% in 5 days trading activity. The stock was at -5.49% over one month performance. KRG’s shares are at -10.13% for the quarter and driving a -13.98% return over the course of the past year and is now at 3.90% since this point in 2018.

The average volatility for the week at 2.18% and for month was at 2.23%. There are 83.98M shares outstanding and 83.37M shares are floated in market. Right now the stock beta is 0.75.

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