Kite Realty Group Trust (KRG) Shares are Up 4.48%

Kite Realty Group Trust (KRG) : Traders are bullish on Kite Realty Group Trust (KRG) as it has outperformed the S&P 500 by a margin of 3.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.48% in the last 1 week, and is up 10.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Kite Realty Group Trust (NYSE:KRG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.04 and $29.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.63, notching a gain of 2.24% for the day. The total traded volume was 800,040 . The stock had closed at $28.98 on the previous day.


The stock has recorded a 20-day Moving Average of 5.95% and the 50-Day Moving Average is 8.82%. Kite Realty Group Trust is up 10.55% in the last 3-month period. Year-to-Date the stock performance stands at 17.9%.

Kite Realty Group Trust is a full-service, vertically integrated real estate company engaged in the ownership and operation, acquisition, development and redevelopment of neighborhood and community shopping centers in the United States. The Company conducts all of its business through its operating partnership, Kite Realty Group, L.P. (KRG). The Company held a 98.1% interest in KRG with limited partners owning the remaining 1.9%. The Company owns interests in 118 retail operating properties totaling approximately 23.9 million square feet of gross leasable area (including approximately 7.7 million square feet of non-owned anchor space) located in 26 states. Its retail operating portfolio was 94.8% leased to a diversified retail tenant base, with no single retail tenant accounting for more than 3.4% of its total annualized base rent.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.