On September 16, 2024, Steven Grimes, Director of Kite Realty Group Trust (KRG, Financial), executed a sale of 37,295 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 732,252 shares of Kite Realty Group Trust.
Kite Realty Group Trust (KRG, Financial) is a real estate investment trust (REIT) that focuses on the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in the United States.
Over the past year, the insider has sold a total of 58,795 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed over the last year, where there have been four insider sells and no insider buys at Kite Realty Group Trust.
On the date of the latest transaction, shares of Kite Realty Group Trust were trading at $26.8 each. This pricing gives the company a market cap of approximately $5.865 billion. According to the GF Value, which is an intrinsic value estimate used to gauge the fair value of stocks, Kite Realty Group Trust has a GF Value of $22.61. This results in a price-to-GF-Value ratio of 1.19, indicating that the stock is modestly overvalued.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation in relation to its historical trading levels and intrinsic value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
