Kimco Realty Corporation (NYSE: KIM)’s stock price has soared by 0.67 in relation to previous closing price of 25.37. Nevertheless, the company has seen a gain of 1.75% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-25 that Kimco Realty Corporation has seen a 23% year-to-date total return, driven by a 4.2% dividend hike and record-high occupancy rates. Kimco’s fiscal 2024 third quarter FFO increased by 7.5% year-over-year to $0.43 per share, with free cash flow covering dividends by 174%. KIM’s debt maturity is well-laddered, with most debt due post-2030, and a strong balance sheet earning an “A-” investment-grade rating from Fitch.
Is It Worth Investing in Kimco Realty Corporation (NYSE: KIM) Right Now?
The price-to-earnings ratio for Kimco Realty Corporation (NYSE: KIM) is 47.51x, which is above its average ratio. Moreover, the 36-month beta value for KIM is 1.49. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for KIM is 659.70M and currently, short sellers hold a 2.43% of that float. On November 26, 2024, KIM’s average trading volume was 4.00M shares.
KIM’s Market Performance
The stock of Kimco Realty Corporation (KIM) has seen a 1.75% increase in the past week, with a 8.45% rise in the past month, and a 10.28% gain in the past quarter. The volatility ratio for the week is 0.93%, and the volatility levels for the past 30 days are at 1.70% for KIM. The simple moving average for the last 20 days is 3.47% for KIM’s stock, with a simple moving average of 21.64% 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 6.59% 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 able to rebound, for now settling with 0.31% of gains for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 0.93%, as shares surge +6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.15% upper at present.
During the last 5 trading sessions, KIM rose by +1.75%, which changed the moving average for the period of 200-days by +27.19% in comparison to the 20-day moving average, which settled at $24.68. In addition, Kimco Realty Corporation saw 19.85% 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
- 0.4 for the gross margin
The net margin for Kimco Realty Corporation stands at 0.2. The total capital return value is set at 0.03. Equity return is now at value 3.78, with 1.99 for asset returns.
Based on Kimco Realty Corporation (KIM), the company’s capital structure generated 0.44 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 0.79. The interest coverage ratio of the stock is 2.19.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 6.32. When we switch over and look at the enterprise to sales, we see a ratio of 12.64. The receivables turnover for the company is 6.14for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To wrap up, the performance of Kimco Realty Corporation (KIM) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
