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 $16.22 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 Monday, Kite Realty Group Trust [NYSE:KRG] saw its stock fall -0.69% to $23.01. Over the last five days, the stock has lost -1.24%. Kite Realty Group Trust shares have fallen nearly -8.84% since the year began. Nevertheless, the stocks have risen 8.93% over the past one year.
How much short interest is there in Kite Realty Group Trust?
A steep rise in short interest was recorded in Kite Realty Group Trust stocks on 2025-04-30, growing by 2.78 million shares to a total of 8.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 5.68 million shares. There was a rise of 32.83%, which implies that there is a positive sentiment for the stock.
