Kimco Realty Corporation (NYSE: KIM) has seen a decline in its stock price by -0.60 in relation to its previous close of 25.19. However, the company has experienced a -0.71% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-07 that Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron’s Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Is It Worth Investing in Kimco Realty Corporation (NYSE: KIM) Right Now?
Kimco Realty Corporation (NYSE: KIM) has a higher price-to-earnings ratio of 46.58x compared to its average ratio, The 36-month beta value for KIM is at 1.50. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for KIM is 659.70M, and currently, shorts hold a 2.71% of that float. The average trading volume for KIM on December 10, 2024 was 4.11M shares.
KIM’s Market Performance
KIM’s stock has seen a -0.71% decrease for the week, with a 1.54% rise in the past month and a 7.15% gain in the past quarter. The volatility ratio for the week is 0.99%, and the volatility levels for the past 30 days are at 1.17% for Kimco Realty Corporation The simple moving average for the last 20 days is -0.54% for KIM stock, with a simple moving average of 17.83% 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 2.97% 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 -3.06% of loss for the given period.
Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 0.99%, as shares surge +0.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.06% upper at present.
During the last 5 trading sessions, KIM fell by -0.71%, which changed the moving average for the period of 200-days by +28.15% in comparison to the 20-day moving average, which settled at $25.17. In addition, Kimco Realty Corporation saw 17.50% 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 0.19. 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 12.44. The receivables turnover for the company is 6.15for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, Kimco Realty Corporation (KIM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
