Set Your Sights On Kimco Realty Corporation (NYSE: KIM)’S Upside Potential

Kimco Realty Corporation (KIM) concluded trading on Wednesday at a closing price of $23.54, with 3.12 million shares of worth about $73.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.25% during that period and on September 18, 2024 the price saw a loss of about -0.17%. Currently the company’s common shares owned by public are about 674.11M shares, out of which, 659.38M shares are available for trading.

Stock saw a price change of 0.21% in past 5 days and over the past one month there was a price change of 5.56%. Year-to-date (YTD), KIM shares are showing a performance of 10.46% which increased to 27.05% 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 $24.25 during that period. The average intraday trading volume for Kimco Realty Corporation shares is 3.97 million. The stock is currently trading 1.15% above its 20-day simple moving average (SMA20), while that difference is up 6.34% for SMA50 and it goes to 16.52% 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 94.60% of that.

The stock has a current market capitalization of $15.87B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 44.35, 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 1.81% while standing at 1.55% over the month.

Stock’s fiscal year EPS is expected to drop by -49.38% while it is estimated to increase by 34.47% 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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