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

Currently, there are 674.14M common shares owned by the public and among those 658.88M shares have been available to trade.

The company’s stock has a 5-day price change of -1.41% and -13.74% over the past three months. KIM shares are trading -11.59% year to date (YTD), with the 12-month market performance up to 8.07% higher. 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 6.01 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 -2.81%, -4.89%, and -2.53% respectively.

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Institutional ownership of Kimco Realty Corporation (NYSE: KIM) shares accounts for 101.76% of the company’s 674.14M shares outstanding.

It has a market capitalization of $12.70B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 18.63, while the earnings-per-share (ttm) stands at $1.01. The company has a debt-to-equity ratio at 0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.49% over the week and 1.94% over the month.

Analysts forecast that Kimco Realty Corporation (KIM) will achieve an EPS of $0.18 for the current quarter, $0.18 for the next quarter and $0.75 for 2025. The lowest estimate earnings-per-share for the quarter is $0.16 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 -28.43%, and 5.76% over the next financial year.

Looking at the support for the KIM, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on March 22, 2024, with the firm’s price target at $26-$20. Deutsche Bank coverage for the Kimco Realty Corporation (KIM) stock in a research note released on January 30, 2024 offered a Hold rating with a price target of $23. Wells Fargo was of a view on September 20, 2023 that the stock is Equal Weight, while Mizuho gave the stock Buy rating on September 18, 2023, issuing a price target of $21- $20. Compass Point on their part issued Buy rating on August 28, 2023.

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