The Stock Of The Week: Kimco Realty Corporation (KIM)


As of Thursday close, Kimco Realty Corporation’s (NYSE:KIM) stock was down -$0.14, moving down -0.78 percent to $17.89. The average number of shares traded per day over the past five days has been 3,871,700 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 4,541,565, while in the previous 50 days, it was 4,569,634.

Since last month, KIM stock retreated -4.13%. Shares of the company fell to $17.60 on 05/25/23, the lowest level in the past month. A 52-week high of $23.80 was reached on 02/02/23 after having rallying from a 52-week low of $17.34. Since the beginning of this year, KIM’s stock price has dropped by -15.53% or -$3.29, and marked a new high 8 times. However, the stock has declined by -24.83% since its 52-week high.

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KIM stock investors should be aware that Kimco Realty Corporation (KIM) stock had its last reported insider trading activity 87 days ago on Feb 28. LOURENSO FRANK, the Director of the company, disposed of 9,630 shares for $20.70 on Feb 28. It resulted in a $199,351 divestment by the insider. KIMCO REALTY CORP sold 11,500,000 shares at an average price of $26.18 on Oct 14. The insider now owns 28,338,105 shares following the transaction.

Valuation Metrics

Right now, Kimco Realty Corporation (KIM) has a P/E ratio of about 74.54. The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 6.38, the price-to-book (PB) ratio of 1.16.

The latest dividend of $0.23 per share was paid out, remained unchanged from last year’s $0.23.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.75, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 69.00% percent. In the year ended March 30, operating margins totaled 30.30%. Based on annual data, KIM earned $565.46 million in gross profit and brought in $1.73 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.90%. Return on equity (ROE) for the past 12 months was 2.40%.

In Kimco Realty Corporation’s quarter-end financial report for March 30, it reported total debt of $374.29 million against cash and short-term investments of $451.58 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KIM’s revenue rose 3.53% to $439.83 million during the quarter, while net income inched up to $442.89 million. While analysts expected Kimco Realty Corporation to report $0.2 quarterly earnings, the actual figure was $0.46 per share. During the quarter, the company generated $298.78 million in EBITDA. The value of shareholders’ equity is $619.89 million.

Technical Picture

This quick technical analysis looks at Kimco Realty Corporation’s (KIM) price momentum. With a historical volatility rate of 33.42%, the RSI 9-day stood at 39.19% on 25 May.

With respect to its five-day moving average, the current Kimco Realty Corporation price is down by -2.67% percent or -$0.49. At present, KIM shares trade -5.79% below its 20-day simple moving average and -15.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.18% below its SMA50 and -18.83% below its SMA200.

Stochastic coefficient K was 31.32% and Stochastic coefficient D was 48.02%, while ATR was 0.46. Given the Stochastic reading of 21.64% for the 14-day period, the RSI (14) reading has been calculated as 41.27%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.19.

Analyst Ratings

Kimco Realty Corporation (KIM) has been rated Overweight by analysts. According to 1 brokerage firm, KIM is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Kimco Realty Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $22.50, the current consensus forecast for the stock is $18.00 – $26.00. Based on these forecasts, analysts predict Kimco Realty Corporation (KIM) will achieve an average price target of $22.39.


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