Kimco Realty Corporation (NYSE: KIM)’s stock price has decreased by -3.58 compared to its previous closing price of 23.17. However, the company has seen a -4.41% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-28 that I am increasingly focusing on higher-yielding dividend stocks due to the need for income, especially for older and retired investors. With the market’s high valuation, future returns will likely rely more on dividends, making high-yield stocks more attractive. Retail real estate stands out with low vacancy rates and favorable supply conditions, offering strong investment opportunities.
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 41.56x. The 36-month beta value for KIM is also noteworthy at 1.50. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 16 rating it as “hold,” and 0 rating it as “sell.”
The public float for KIM is 659.70M, and at present, short sellers hold a 2.46% of that float. The average trading volume of KIM on January 07, 2025 was 3.82M shares.
KIM’s Market Performance
KIM’s stock has seen a -4.41% decrease for the week, with a -11.70% drop in the past month and a -2.62% fall in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 1.94% for Kimco Realty Corporation The simple moving average for the last 20 days is -6.16% for KIM stock, with a simple moving average of 3.25% for the last 200 days.
Analysts’ Opinion of KIM
Many brokerage firms have already submitted their reports for KIM stocks, with Jefferies repeating the rating for KIM by listing it as a “Hold.” The predicted price for KIM in the upcoming period, according to Jefferies is $25 based on the research report published on January 02, 2025 of the current year 2025.
JP Morgan, on the other hand, stated in their research note that they expect to see KIM reach a price target of $26. The rating they have provided for KIM stocks is “Neutral” according to the report published on December 20th, 2024.
KIM Trading at -8.35% 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 -13.51% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -11.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.76% lower at present.
During the last 5 trading sessions, KIM fell by -4.41%, which changed the moving average for the period of 200-days by +14.92% in comparison to the 20-day moving average, which settled at $23.81. In addition, Kimco Realty Corporation saw -4.65% 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 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 11.51. The receivables turnover for the company is 6.15for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In summary, Kimco Realty Corporation (KIM) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
