Kimco Realty Corporation (NYSE:KIM) remained unchanged to close Monday at $17.69 after subtracting $0.0 on the day. The 5-day average trading volume is 3,790,320 shares of the company’s common stock. It has gained $18.78 in the past week and touched a new high 2 times within the past 5 days. An average of 5,426,470 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,662,750.
KIM’s 1-month performance is -5.50% or -$1.06 on its low of $17.51 reached on 09/25/23. The company’s shares have touched a 52-week low of $17.34 and high of $23.27, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, KIM has lost -16.48% or -$3.49 and has reached a new high 8 times. However, the current price is down -23.98% from the 52-week high price.
Insider Transactions
KIM stock investors last saw insider trading activity on Feb 28.LOURENSO FRANK (Director) most recently sold 9,630 shares at $20.70 per share on Feb 28. This transaction cost the insider $199,351., KIMCO REALTY CORP, sold 11,500,000 shares at a price of $26.18 on Oct 14.
Valuation Metrics
KIM stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.21 while the price-to-book (PB) in the most recent quarter is 1.14, with the price to cash flow ratio at 10.76.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.75, while the total debt to equity was 0.75. In terms of profitability, the gross margin trailing 12 months is 40.38%. The firm’s gross profit as reported stood at $565.46 million against revenue of $1.73 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 225.21% to $100.43 million, while revenue of $283.51 million was -182.3% off the previous quarter. Analysts expected KIM to announce $0.17 per share in earnings in its latest quarter, but it posted $0.16, representing a -5.90% surprise. EBITDA for the quarter stood at more than $286.44 million. Shareholders hold equity totaling $619.88 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 25 September was 23.56% to suggest the stock is trending oversold, with historical volatility in this time period at 21.05%.
The stock’s 5-day moving average is $18.06, reflecting a -4.94% or -$0.92 change from its current price. KIM is currently trading -5.65% above its 20-day SMA, -4.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.75% and SMA200 by-19.92%.
Stochastic %K and %D was 4.86% and 9.71% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 28.41%, while the 14-day stochastic is at 10.81% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at -0.60 and -0.68 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Kimco Realty Corporation (NYSE: KIM), Wells Fargo upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for KIM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KIM as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
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 $23.00. Looking at these predictions, the average price target given by analysts is for Kimco Realty Corporation (KIM) stock is $22.51.
