Kimco Realty Corporation (KIM) concluded trading on Thursday at a closing price of $19.36, with 3.14 million shares of worth about $60.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.43% during that period and on Thursday the price saw a gain of about 0.31%. Currently the company’s common shares owned by public are about 672.90M shares, out of which, 657.70M shares are available for trading.
Stock saw a price change of -2.02% in past 5 days and over the past one month there was a price change of -4.40%. Year-to-date (YTD), KIM shares are showing a performance of -9.15% which decreased to -1.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.27 but also hit the highest price of $22.83 during that period. The average intraday trading volume for Kimco Realty Corporation shares is 6.43 million. The stock is currently trading -1.67% below its 20-day simple moving average (SMA20), while that difference is down -4.54% for SMA50 and it goes to 0.45% higher than SMA200.
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Kimco Realty Corporation (NYSE: KIM) currently have 672.90M outstanding shares and institutions hold larger chunk of about 102.02% of that.
The stock has a current market capitalization of $13.03B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 19.15, while it has posted earnings per share of $1.01 in the same period. It has a debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KIM, volatility over the week remained 1.71% while standing at 1.86% over the month.
Analysts are in expectations that Kimco Realty Corporation (KIM) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.17 and it is $0.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.42% while it is estimated to increase by 5.75% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 30, 2024 offering a Hold rating for the stock and assigned a target price of $23 to it. Coverage by Wells Fargo stated Kimco Realty Corporation (KIM) stock as an Equal weight in their note to investors on September 20, 2023, suggesting a price target of $20 for the stock. On September 18, 2023, Mizuho Upgrade their recommendations, while on August 28, 2023, Compass Point Upgrade their ratings for the stock with a price target of $22. Stock get a Neutral rating from Goldman on August 16, 2023.
