Is Kimco Realty Corporation (NYSE: KIM) Proving The Doubters Wrong?

Kimco Realty Corporation (KIM) concluded trading on Thursday at a closing price of $25.10, with 4.04 million shares of worth about $101.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.04% during that period and on December 05, 2024 the price saw a loss of about -0.79%. Currently the company’s common shares owned by public are about 674.08M shares, out of which, 659.70M shares are available for trading.

Stock saw a price change of -2.64% in past 5 days and over the past one month there was a price change of 1.83%. Year-to-date (YTD), KIM shares are showing a performance of 17.79% which increased to 22.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.57 but also hit the highest price of $25.83 during that period. The average intraday trading volume for Kimco Realty Corporation shares is 4.10 million. The stock is currently trading -0.17% below its 20-day simple moving average (SMA20), while that difference is up 3.59% for SMA50 and it goes to 18.42% higher than SMA200.

Kimco Realty Corporation (NYSE: KIM) currently have 674.08M outstanding shares and institutions hold larger chunk of about 95.39% of that.

The stock has a current market capitalization of $16.92B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 46.69, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 10.15 while making debt-to-equity ratio of 0.80. 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 1.19% while standing at 1.37% over the month.

Stock’s fiscal year EPS is expected to drop by -46.72% while it is estimated to increase by 35.79% in next year. EPS is likely to grow at an annualized rate of 4.60% 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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