The stock of Kimco Realty Corporation (KIM) has seen a -0.72% decrease in the past week, with a 11.66% gain in the past month, and a 15.97% flourish in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 1.83% for KIM. The simple moving average for the past 20 days is 4.57% for KIM’s stock, with a 10.25% simple moving average for the past 200 days.
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 40.45x. The 36-month beta value for KIM is also noteworthy at 1.49. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KIM is 659.64M, and at present, short sellers hold a 2.46% of that float. The average trading volume of KIM on July 29, 2024 was 4.01M shares.
KIM) stock’s latest price update
The stock price of Kimco Realty Corporation (NYSE: KIM) has jumped by 0.59 compared to previous close of 21.19. Despite this, the company has seen a fall of -0.72% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-24 that REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cut cycle debuts, making them an attractive sector to become overweight. A list of 12 handpicked REITs is provided, offering a combination of high dividend yields, dividend growth, and value for potential investors.
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 9.43% 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 -6.66% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +9.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.13% upper at present.
During the last 5 trading sessions, KIM fell by -0.79%, which changed the moving average for the period of 200-days by +25.00% in comparison to the 20-day moving average, which settled at $20.48. In addition, Kimco Realty Corporation saw 0.02% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.33 for the present operating margin
- 0.54 for the gross margin
The net margin for Kimco Realty Corporation stands at 0.19. The total capital return value is set at 0.03. Equity return is now at value 3.46, with 1.87 for asset returns.
Based on Kimco Realty Corporation (KIM), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 2.29.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 6.62. When we switch over and look at the enterprise to sales, we see a ratio of 11.91. The receivables turnover for the company is 5.99for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In summary, Kimco Realty Corporation (KIM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
