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

Currently, there are 674.08M common shares owned by the public and among those 659.70M shares have been available to trade.

The company’s stock has a 5-day price change of 1.50% and 9.87% over the past three months. KIM shares are trading 17.55% year to date (YTD), with the 12-month market performance up to 33.83% higher. It has a 12-month low price of $17.57 and touched a high of $25.19 over the same period. KIM has an average intraday trading volume of 3.97 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 2.73%, 5.08%, and 19.90% respectively.

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Institutional ownership of Kimco Realty Corporation (NYSE: KIM) shares accounts for 95.88% of the company’s 674.08M shares outstanding.

It has a market capitalization of $16.89B and a beta (3y monthly) value of 1.49. The stock’s trailing 12-month PE ratio is 46.60, while the earnings-per-share (ttm) stands at $0.54. The company has a PEG of 10.13 and the debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.33% over the week and 1.81% over the month.

Analysts forecast that Kimco Realty Corporation (KIM) will achieve an EPS of 0.19 for the current quarter, 0.19 for the next quarter and 0.71 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.19 while analysts give the company a high EPS estimate of 0.19. Comparatively, EPS for the current quarter was 0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -47.37%, and 34.50% over the next financial year. EPS should grow at an annualized rate of 4.60% over the next five years, compared to -0.05% over the past 5-year period.

Raymond James coverage for the Kimco Realty Corporation (KIM) stock in a research note released on August 16, 2024 offered a Strong Buy rating with a price target of $25. BofA Securities was of a view on April 05, 2024 that the stock is Neutral, while Citigroup gave the stock Neutral rating on March 22, 2024, issuing a price target of $26- $20. Deutsche Bank on their part issued Hold rating on January 30, 2024.

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