The stock of Kimco Realty Corporation (NYSE: KIM) has increased by 2.59 when compared to last closing price of 17.74. Despite this, the company has experienced a 0.55% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-16 that Dividend growth stocks can provide reliable cash flows and help to build long-term wealth for income investors. Every month, we look at screening dividend stocks based on safety, growth, and consistency, which can help identify worthwhile investments. We look at a list of 25 of the top yielding based on these metrics, then take a quick look at the 5 of these top positions.
Is It Worth Investing in Kimco Realty Corporation (NYSE: KIM) Right Now?
The price-to-earnings ratio for Kimco Realty Corporation (NYSE: KIM) is above average at 18.00x, Company’s 36-month beta value is 1.46.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for KIM is 659.64M, and currently, short sellers hold a 2.60% ratio of that floaft. The average trading volume of KIM on April 22, 2024 was 5.39M shares.
KIM’s Market Performance
KIM stock saw a decrease of 0.55% in the past week, with a monthly decline of -6.38% and a quarterly a decrease of -9.72%. The volatility ratio for the week is 1.80%, and the volatility levels for the last 30 days are 1.92% for Kimco Realty Corporation (KIM). The simple moving average for the last 20 days is -2.12% for KIM stock, with a simple moving average of -5.53% for the last 200 days.
Analysts’ Opinion of KIM
Many brokerage firms have already submitted their reports for KIM stocks, with BofA Securities repeating the rating for KIM by listing it as a “Neutral.” The predicted price for KIM in the upcoming period, according to BofA Securities is $20 based on the research report published on April 05, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see KIM reach a price target of $20, previously predicting the price at $26. The rating they have provided for KIM stocks is “Neutral” according to the report published on March 22nd, 2024.
Deutsche Bank gave a rating of “Hold” to KIM, setting the target price at $23 in the report published on January 30th of the current year.
KIM Trading at -5.01% from the 50-Day Moving Average
After a stumble in the market that brought KIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.30% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -7.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.77% lower at present.
During the last 5 trading sessions, KIM rose by +0.55%, which changed the moving average for the period of 200-days by -9.90% in comparison to the 20-day moving average, which settled at $18.52. In addition, Kimco Realty Corporation saw -14.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KIM starting from LOURENSO FRANK, who sale 8,890 shares at the price of $19.42 back on Feb 13 ’24. After this action, LOURENSO FRANK now owns 203,534 shares of Kimco Realty Corporation, valued at $172,653 using the latest closing price.
Stock Fundamentals for KIM
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.62 for the gross margin
The net margin for Kimco Realty Corporation stands at 0.37. The total capital return value is set at 0.03. Equity return is now at value 6.83, with 3.60 for asset returns.
Based on Kimco Realty Corporation (KIM), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 2.47.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 5.94. When we switch over and look at the enterprise to sales, we see a ratio of 10.57. The receivables turnover for the company is 5.8for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, Kimco Realty Corporation (KIM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
