Looking To Buy Kimco Realty Corporation (KIM)? Read This First

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Kimco Realty Corporation (NYSE:KIM) saw an upside of 0.37% to close Tuesday at $21.94 after adding $0.08 on the day. The 5-day average trading volume is 3,854,020 shares of the company’s common stock. It has gained $22.08 in the past week and touched a new high 1 time within the past 5 days. An average of 4,055,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,015,364.

KIM’s 1-month performance is 3.98% or $0.67 on its low of $20.09 reached on 01/10/23. The company’s shares have touched a 52-week low of $17.71 and high of $26.57, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, KIM has achieved 3.59% or $0.76 and has reached a new high 3 times. However, the current price is down -17.41% from the 52-week high price.

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Insider Transactions

KIM stock investors last saw insider trading activity on Oct 14.KIMCO REALTY CORP () most recently sold 11,500,000 shares at $26.18 per share on Oct 14. This transaction cost the insider $301,070,000. Exec VP, CFO & Treasurer, COHEN GLENN GARY, sold 10,000 shares at a price of $25.07 on May 03. Then, on Feb 22, Director LOURENSO FRANK sold 8,188 shares at a price of $23.45 per share. This transaction amounted to $192,019.

Valuation Metrics

KIM stock has a beta of 1.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.81 while the price-to-book (PB) in the most recent quarter is 1.39, with the price to cash flow ratio at 52.51.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.74, while the total debt to equity was 0.74.. In terms of profitability, the gross margin trailing 12 months is 69.50%. The firm’s gross profit as reported stood at $424.29 million against revenue of $1.36 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Kimco Realty Corporation’s cash and short-term investments amounted to $999.09 million against total debt of $7.33 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -870.75% to $51.65 million, while revenue of -$125.75 million was 343.47% off the previous quarter. Analysts expected KIM to announce $0.16 per share in earnings in its latest quarter, but it posted $0.08, representing a -50.00% surprise. EBITDA for the quarter stood at more than $269.74 million. Shareholders hold equity totaling $618.46 million.

Let’s look briefly at Kimco Realty Corporation (KIM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 58.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.15%.

The stock’s 5-day moving average is $21.55, reflecting a -0.05% or -$0.01 change from its current price. KIM is currently trading +4.98% above its 20-day SMA, +2.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.63% and SMA200 by-9.23%.

Stochastic %K and %D was 82.79% and 71.04% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 55.29%, while the 14-day stochastic is at 92.48% with the period’s ATR at 0.58. The stock’s 9-day MACD Oscillator is pointing at 0.22 and 0.36 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Kimco Realty Corporation (NYSE: KIM), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock.

What is KIM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $20.00 and a high of $26.00, with their median price target at $24.00. Looking at these predictions, the average price target given by analysts is for Kimco Realty Corporation (KIM) stock is $23.91.

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