Kimco Realty Corporation (NYSE:KIM) finished Wednesday with an addition of $0.32 to close at $18.90, an upside of 1.72 percent. An average of 3,050,620 shares of common stock have been traded in the last five days. There was a fall of -$0.33 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 3,958,145 shares traded, while the 50-day average volume stands at 3,922,550.
KIM stock has decreased by -8.25% in the last month. The company shares reached their 1-month lowest point of $18.53 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $17.34 and a high of $23.27 in 52 weeks. It has reached a new high 8 times so far this year and lost -10.76% or -$2.28 in price. In spite of this, the price is down -18.78% from the 52-week high.
Insider Transactions
KIM stock investors should be aware that Kimco Realty Corporation (KIM) stock had its last reported insider trading activity 177 days ago on Feb 28. In this transaction, the insider spent $199,351., KIMCO REALTY CORP, disposed of 11,500,000 shares at a price of $26.18 on Oct 14. The insider now owns more than $301,070,000 worth of shares.
Valuation Metrics
Kimco Realty Corporation (KIM) has a trailing price-to-earnings (P/E) ratio of 31.09. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.61, the price-to-book (PB) ratio at 1.21, and the price-to-cash flow ratio at 27.30.
Financial Health
Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.74 for the quarter ending June 29. Its gross profit as reported stood at $565.46 million compared to revenue of $1.73 billion.
Earnings Surprise
For the three-month period that ended June 29, Kimco Realty Corporation had $359.61 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $100.43 million in the quarter, while revenues of $283.51 million were grew 225.21%. The analyst consensus anticipated Kimco Realty Corporation’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.16, a -5.90% surprise. For the quarter, EBITDA amounted to $286.44 million. At the end of the quarter ending June 29, Kimco Realty Corporation’s stock balance sheet showed total debt was $7.25 billion. Shareholders own equity worth $619.88 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Kimco Realty Corporation (KIM) price momentum. RSI 9-day as of the close on 23 August was 32.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.66%.
As of today, KIM’s price is $18.86 -1.72% or -$0.33 from its 5-day moving average. KIM is currently trading -8.83% lower than its 20-day SMA and +0.48% higher than its 100-day SMA. However, the stock’s current price level is -2.43% below the SMA50 and -8.92% below the SMA200.
The stochastic %K and %D were 9.14% and 9.31%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 16.86% and the average true range at 0.42, the RSI (14) stands at 35.81%. The stock has reached -0.58 on the 9-day MACD Oscillator while the 14-day reading was at -0.88.
Analyst Ratings
Goldman downgraded Kimco Realty Corporation (NYSE: KIM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Kimco Realty Corporation (KIM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell KIM, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.
What is KIM’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $24.00, with a median target of $23.00. Taking a look at these predictions, the average price target given by analysts for Kimco Realty Corporation (KIM) stock is $22.78.
