Kimco Realty Corporation (NYSE: KIM) – Time For Strategy Change?

Kimco Realty Corporation (NYSE:KIM) currently has a daily average trading volume of 4.03M but it saw 3219876 shares traded in last market. With a market cap of 16.91B USD, the company’s current market price of $25.09 came rising about 0.16 while comparing to the previous closing price of $25.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.19 and as low as $17.57. In the recent trading on the day, stock has struck highest price mark of $24.91 while lowest mark touched by it was $25.16.

Taking a look at 20-day trading activity of Kimco Realty Corporation (KIM) gives us an average price of $24.44, while its current price level is -0.40% below from 52-week high level whereas it is 42.80% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.87 while that of 200 days or SMA-200 reads an average of $20.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.25% during that period while stretching the period over a month that increases to 1.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.90 which implies that the stock is in neutral territory.

Raymond James upgraded its recommendation for the stock as a “Strong Buy” from “Mkt Perform” on August 16, 2024 while assigning a price target of $25. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $24 and $20.

Over the week, KIM’s stock price is moving 1.09% up while it is 4.37% when we observe its performance for the past one month. Year-to-date it is 17.74% up and over the past year, the stock is showing an upside performance of 33.90%.

Currently, Kimco Realty Corporation’s total number of outstanding shares is 674.08M. Company’s return on investment (ROI) stands at 1.84% and return on equity (ROE) at 3.78%. It has a price to earnings ratio (P/E ratio) of 46.67 while having a 34.75 of forward P/E ratio. Stock’s beta reads 1.49. Stock has a price to book (P/B) ratio of 1.61 while price to sale or P/S ratio amounts to 8.53. Its return on asset (ROA) is 1.99% on average.