Growth Story Still Intact For Kimco Realty Corporation (KIM)

Kimco Realty Corporation (KIM) concluded trading on Wednesday at a closing price of $22.80, with 3.32 million shares of worth about $75.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.27% during that period and on August 21, 2024 the price saw a gain of about 1.38%. Currently the company’s common shares owned by public are about 674.11M shares, out of which, 659.08M shares are available for trading.

Stock saw a price change of 3.54% in past 5 days and over the past one month there was a price change of 6.79%. Year-to-date (YTD), KIM shares are showing a performance of 6.99% which increased to 22.07% 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 4.84% above its 20-day simple moving average (SMA20), while that difference is up 11.36% for SMA50 and it goes to 15.48% 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 96.48% of that.

The stock has a current market capitalization of $15.37B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 42.95, 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 1.66% while standing at 2.25% over the month.

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.

Coverage by Raymond James stated Kimco Realty Corporation (KIM) stock as a Strong buy in their note to investors on August 16, 2024, suggesting a price target of $25 for the stock. On April 05, 2024, BofA Securities Downgrade their recommendations, while on March 22, 2024, Citigroup Downgrade their ratings for the stock with a price target of $20. Stock get a Hold rating from Deutsche Bank on January 30, 2024.

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