Kimco Realty Corporation (NYSE: KIM) Emerges As Guiding Light For Investors

Kimco Realty Corporation (NYSE:KIM) currently has a daily average trading volume of 4.13M but it saw 4893862 shares traded in last market. With a market cap of 15.51B USD, the company’s current market price of $23.01 came falling about -1.16 while comparing to the previous closing price of $23.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.83 and as low as $17.57. In the recent trading on the day, stock has struck highest price mark of $22.98 while lowest mark touched by it was $23.525.

Taking a look at 20-day trading activity of Kimco Realty Corporation (KIM) gives us an average price of $24.87, while its current price level is -10.92% below from 52-week high level whereas it is 30.96% 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 $24.50 while that of 200 days or SMA-200 reads an average of $21.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.70% during that period while stretching the period over a month that decreases to 1.53%. 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 25.31 which implies that the stock is in oversold 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 -6.04% down while it is -8.14% when we observe its performance for the past one month. Year-to-date it is 7.98% up and over the past year, the stock is showing an upside performance of 4.12%.

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 42.80 while having a 31.57 of forward P/E ratio. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 1.47 while price to sale or P/S ratio amounts to 7.82. Its return on asset (ROA) is 1.99% on average.