The stock price of Kimco Realty Corporation (NYSE: KIM) has surged by 1.68 when compared to previous closing price of 23.24, but the company has seen a -1.79% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-20 that The Fed’s anticipated rate cuts will likely shift $3 trillion from money market funds to longer-duration fixed-income assets, including RMBS, corporate bonds, and REIT preferreds. Mispricing in the high yield space, particularly REIT preferreds, presents substantial capital appreciation potential due to wide spreads and significant discounts to par value. Preferreds with sound fundamentals, large discounts to par, and high current spreads are poised for 15%+ capital appreciation and double-digit total returns.
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 44.52x. 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 659.71M, and at present, short sellers hold a 2.22% of that float. The average trading volume of KIM on September 24, 2024 was 4.04M shares.
KIM’s Market Performance
KIM stock saw an increase of -1.79% in the past week, with a monthly gain of 3.55% and a quarterly increase of 23.46%. The volatility ratio for the week is 1.97%, and the volatility levels for the last 30 days are 1.61% for Kimco Realty Corporation (KIM). The simple moving average for the last 20 days is 1.12% for KIM stock, with a simple moving average of 16.67% for the last 200 days.
Analysts’ Opinion of KIM
Raymond James, on the other hand, stated in their research note that they expect to see KIM reach a price target of $25. The rating they have provided for KIM stocks is “Strong Buy” according to the report published on August 16th, 2024.
BofA Securities gave a rating of “Neutral” to KIM, setting the target price at $20 in the report published on April 05th of the current year.
KIM Trading at 5.72% 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 -2.56% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.82% upper at present.
During the last 5 trading sessions, KIM fell by -1.79%, which changed the moving average for the period of 200-days by +15.04% in comparison to the 20-day moving average, which settled at $23.39. In addition, Kimco Realty Corporation saw 10.89% 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 Jamieson David, who sale 50,000 shares at the price of $21.92 back on Aug 02 ’24. After this action, Jamieson David now owns 337,111 shares of Kimco Realty Corporation, valued at $1,096,040 using the latest closing price.
David R. Jamieson, the Officer of Kimco Realty Corporation, proposed sale 50,000 shares at $22.08 during a trade that took place back on Aug 02 ’24, which means that David R. Jamieson is holding shares at $1,104,000 based on the most recent closing price.
Stock Fundamentals for KIM
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.46 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 3.60, with 1.94 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 0.73. The interest coverage ratio of the stock is 2.2.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 6.54. When we switch over and look at the enterprise to sales, we see a ratio of 12.37. The receivables turnover for the company is 6.22for trailing twelve months and the total asset turnover is 0.1.
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.
