Kimco Realty Corporation (NYSE: KIM): Retirees Don’t Worry About Volatility

Kimco Realty Corporation (NYSE:KIM) currently has a daily average trading volume of 4.05M but it saw 3860244 shares traded in last market. With a market cap of 17.60B USD, the company’s current market price of $25.78 came rising about 1.26 while comparing to the previous closing price of $25.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.58 and as low as $17.57. In the recent trading on the day, stock has struck highest price mark of $25.512 while lowest mark touched by it was $25.8.

Taking a look at 20-day trading activity of Kimco Realty Corporation (KIM) gives us an average price of $24.86, while its current price level is 0.80% below from 52-week high level whereas it is 46.73% 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 $24.04 while that of 200 days or SMA-200 reads an average of $21.06. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.96% during that period while stretching the period over a month that increases to 1.66%. 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 70.25 which implies that the stock is in overbought 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 2.75% up while it is 8.91% when we observe its performance for the past one month. Year-to-date it is 20.98% up and over the past year, the stock is showing an upside performance of 36.50%.

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 47.95 while having a 35.71 of forward P/E ratio. Stock’s beta reads 1.49. Stock has a price to book (P/B) ratio of 1.65 while price to sale or P/S ratio amounts to 8.87. Its return on asset (ROA) is 1.99% on average.