Kimco Realty Corporation (NYSE:KIM) does about 5.96M shares in volume on a normal day but saw 7267477 shares change hands in Friday trading. The company now has a market cap of 12.87B USD. Its current market price is $19.09, marking a decrease of -3.24% compared to the previous close of $19.73. The 52 week high reached by this stock is $22.83 whilst the lowest price level in 52 weeks is $16.27.
Kimco Realty Corporation (KIM) has a 20-day trading average at $19.38 and the current price is -16.40% off the 52-week high compared with 17.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $19.81 and its 200-day simple moving average is $19.38. If we look at the stock’s price movements over the week, volatility stands at 2.34%, which decreases to 1.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.95 to suggest the stock is neutral.
The consensus objective for the share price is $22.72, suggesting that the stock has a potential upside of 15.98% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 22, 2024 when Citigroup downgraded the stock to “Neutral” and issued a price target of between $26 and $20. Wells Fargo upgraded its price target at $20.
Kimco Realty Corporation (KIM) stock is up 1.11% over the week and -3.63% over the past month. Its price is -10.42% year-to-date and 9.13% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.22 above consensus estimates by $0.06. KIM’s earnings per share are forecast to shrink by -35.30% this year and 13.60% over next year. Expected sales for next quarter are $477.33 million, which analysts say will come at $1.92 billion for the current fiscal year and next year at $1.99 billion. In addition, estimates put the company’s current quarterly revenue at an average of $477.27 million.
To reach the target analysts have set, the stock logically needs to grow 15.98 percent from here.
Outstanding shares total 674.14M with insiders holding 2.17% of the shares and institutional holders owning 90.82% of the company’s common stock. The company has a return on investment of 3.70% and return on equity of 6.83%. The price to earnings ratio (P/E ratio) amounts to 18.88 while the forward price to earnings ratio is 24.73. The beta has a value of 1.43. Price to book ratio is 1.24 and price to sales ratio is 7.16.
