Reviewing The Case For Kimco Realty Corporation (KIM) Going Higher

Currently, there are 674.07M common shares owned by the public and among those 658.99M shares have been available to trade.

Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 9,630 shares.

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The company’s stock has a 5-day price change of -0.86% and 5.04% over the past three months. KIM shares are trading -7.84% year to date (YTD), with the 12-month market performance down to -6.60% lower. It has a 12-month low price of $16.27 and touched a high of $22.83 over the same period. KIM has an average intraday trading volume of 6.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.44%, -5.01%, and 2.33% respectively.

Institutional ownership of Kimco Realty Corporation (NYSE: KIM) shares accounts for 101.48% of the company’s 674.07M shares outstanding.

It has a market capitalization of $13.24B and a beta (3y monthly) value of 1.45. The stock’s trailing 12-month PE ratio is 19.42, while the earnings-per-share (ttm) stands at $1.01. The company has a debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.73% over the week and 2.17% over the month.

Analysts forecast that Kimco Realty Corporation (KIM) will achieve an EPS of $0.14 for the current quarter, $0.24 for the next quarter and $0.76 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $0.46 a year ago. Earnings per share for the fiscal year are expected to decrease by -28.86%, and 7.59% over the next financial year.

Looking at the support for the KIM, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on January 30, 2024, with the firm’s price target at $23. Wells Fargo coverage for the Kimco Realty Corporation (KIM) stock in a research note released on September 20, 2023 offered a Equal Weight rating with a price target of $20. Mizuho was of a view on September 18, 2023 that the stock is Buy, while Compass Point gave the stock Buy rating on August 28, 2023, issuing a price target of $22. Goldman on their part issued Neutral rating on August 16, 2023.

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