The stock of Kimco Realty Corporation (NYSE:KIM) increased by $0.02 on Monday to finish at $18.77, up 0.11 percent. The last five days have seen an average of 5,532,540 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.41. The average number of shares traded over the last 20 days was 4,082,420, while the average volume over the last 50 days totaled 4,135,464.
KIM stock dropped -6.99% since last month. On 08/28/23, the company’s shares reached a one-month low of $18.43. The stock touched a high of $23.27 on 02/02/23, after rallying from a low of $17.34 in 52 weeks. The price of KIM stock has declined by -11.38% or -$2.41 this year, reaching a new high 8 times. Still, the stock price is down -19.34% 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 182 days ago on Feb 28. On Feb 28, Director LOURENSO FRANK sold 9,630 shares at $20.70 each. This transaction resulted in the insider making $199,351. On Oct 14, KIMCO REALTY CORP sold 11,500,000 shares at a price of US$26.18. After the transaction, the insider now owns 28,338,105 shares.
Valuation Metrics
Kimco Realty Corporation (KIM) has a trailing price-to-earnings (P/E) ratio of 30.87. Beta for the stock is 1.45. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.60, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 27.27.
Company paid $0.23 per share in dividends, remained unchanged from $0.23 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.74, and the total debt to equity ratio is 0.74. As far as profitability goes, gross margin for the trailing twelve months is 68.90% percent. Kimco Realty Corporation’s operating margin stood at 31.70% for the same period. Based on annual data, it had gross profit of $565.46 million and revenue of $1.73 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KIM’s return on assets (ROA) during the last 12 months has been 2.10%. There was a 2.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.90%.
Earnings Surprise
According to Kimco Realty Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $442.84 million, while revenues rose by 3.53% to $442.89 million. It was predicted that Kimco Realty Corporation’s quarterly earnings would be $0.16, but it ended up being $0.17, beating the consensus by -5.90%. EBITDA was $286.44 million for the quarter. At the end of Kimco Realty Corporation’s most recent quarter ended June 29, its total debt was $7.25 billion. Equity owned by shareholders amounts to $619.88 million.
Technical Picture
Here’s a quick look at Kimco Realty Corporation’s (KIM) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 31.87%, suggesting the stock is Neutral, with a 20.68% historical volatility rate.
The stochastic %K and %D were 11.15% and 10.67% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 14.98%, the RSI (14) reading is 34.87%. On the 9-day MACD Oscillator, the stock is at -0.11, and the 14-day reading is at -0.60.
Analyst Ratings
In its most recent analyst report, Compass Point raised its rating on Kimco Realty Corporation (NYSE: KIM) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Kimco Realty Corporation (KIM) an Overweight rating. KIM is a stock that is recommended for selling by 1 brokerage firm, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is KIM’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.00 and $26.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for Kimco Realty Corporation (KIM) is $22.74.
