Kimco Realty Corporation (KIM) concluded trading on Thursday ata closing price of $22.27, with 3.89 million shares of worth about $86.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.38% during that period and on August 15, 2024 the price saw a gain of about 1.14%. Currently the company’s common shares owned by public are about 674.11M shares, out of which, 659.71M shares are available for trading.
Stock saw a price change of 2.20% in past 5 days and over the past one month there was a price change of 3.25%. Year-to-date (YTD), KIM shares are showing a performance of 4.50% which increased to 12.91% 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 4.07 million. The stock is currently trading 3.36% above its 20-day simple moving average (SMA20), while that difference is up 10.17% for SMA50 and it goes to 13.36% higher than SMA200.
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Kimco Realty Corporation (NYSE: KIM) currently have 674.11M outstanding shares and institutions hold larger chunk of about 96.54% of that.
The stock has a current market capitalization of $15.01B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 41.96, while it has posted earnings per share of $0.53 in the same period. It has a debt-to-equity ratio of 0.74. 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 1.60% while standing at 2.34% over the month.
Analysts are in expectations that Kimco Realty Corporation (KIM) stock would likely to be making an EPS of 0.16 in the current quarter, while forecast for next quarter EPS is 0.16 and it is 0.69 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.15 which is 0.18 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 0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -51.64% while it is estimated to increase by 39.55% in next year. EPS is likely to shrink at an annualized rate of -11.06% for next 5-years, compared to annual growth of -0.05% made by the stock over the past 5-years.
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 BofA Securities on April 05, 2024 offering a Neutral rating for the stock and assigned a target price range of between $24 and $20 to it. Coverage by Citigroup stated Kimco Realty Corporation (KIM) stock as a Neutral in their note to investors on March 22, 2024, suggesting a price target of $20 for the stock. On January 30, 2024, Deutsche Bank Initiated their recommendations, while on September 20, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from Mizuho on September 18, 2023.
