Kite Realty Group Trust’s recently made public that its Director Grimes Steven P unloaded Company’s shares for reported $0.76 million on Nov 27 ’24. In the deal valued at $27.99 per share,27,250 shares were sold. As a result of this transaction, Grimes Steven P now holds 705,002 shares worth roughly $ 15.81 million.
Then, Grimes Steven P sold 37,295 shares, generating $999,506 in total proceeds. Upon selling the shares at $26.80, the Director now owns 732,252 shares.
Piper Sandler downgraded its Kite Realty Group Trust [KRG] rating to a Neutral from a an Overweight in a research note published on February 13, 2025; the price target was decreased to $25 from $33. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Wells Fargo also remained covering KRG and has increased its forecast on August 28, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Raymond James revised its rating on August 16, 2024. It rated KRG as “a Strong buy” which previously was an “a Mkt perform”.
Price Performance Review of KRG
On Tuesday, Kite Realty Group Trust [NYSE:KRG] saw its stock jump 0.22% to $22.42. Over the last five days, the stock has lost -3.28%. Kite Realty Group Trust shares have fallen nearly -11.17% since the year began. Nevertheless, the stocks have risen 5.98% over the past one year. While a 52-week high of $28.24 was reached on 01/02/25, a 52-week low of $19.62 was recorded on 02/18/25. SMA at 50 days reached $24.31, while 200 days put it at $24.40.
Levels Of Support And Resistance For KRG Stock
The 24-hour chart illustrates a support level at 22.19, which if violated will result in even more drops to 21.97. On the upside, there is a resistance level at 22.58. A further resistance level may holdings at 22.74. The Relative Strength Index (RSI) on the 14-day chart is 38.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.66%. Stochastics %K at 7.40% indicates the stock is a buying.
