Kimco Realty Corporation (NYSE:KIM) currently has a daily average trading volume of 4.41M but it saw 9764862 shares traded on Thursday. With a market cap of 11.84B USD, stock’s current market price of $18.35 came falling about -1.71 while comparing to the previous closing price of $18.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.57 and as low as $17.71. In the recent trading on the day, stock has struck highest price mark of $18.63 while lowest mark touched by it was $18.045.
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Taking a look at 20-day trading activity of Kimco Realty Corporation (KIM) gives us an average price of $20.05, while its current price level is -30.92% below from 52-week high level whereas it is 3.61% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $21.09 while that of 200 days or SMA-200 reads an average of $21.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.33% during that period while stretching the period over a month that decreases to 2.45%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 27.12 which implies that the stock is in oversold territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Truist which downgraded the stock as “Hold” in its note to investors issued on January 17, 2023, recommending a price target of between $25 and $24 for it. Mizuho downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 10, 2023 while assigning a price target range of $22-$21. Credit Suisse also issued its recommendations for the stock as it downgraded the price target for the stock is $22.
Over the week, KIM’s stock price is moving -6.28% down while it is -14.33% when we observe its performance for the past one month. Year-to-date it is -13.36% down and over the past year, the stock is showing a downside performance of -22.41%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of -$0.09 beaten by the consensus estimate of $0.16 for the same. For KIM, analysts are forecasting an EPS-growth rate of 318.80% for current year and estimate for EPS growth in next year is 9.00%. In next quarter, company is expected to be making quarterly sales of $434.44 million as analysts are expecting the sales for current fiscal year at $1.75 billion and seeing the company making $1.82 billion in sales next year. Moreover, analysts are in estimates of $431.54 million for current-quarter revenue.
Currently, Kimco Realty Corporation’s total number of outstanding shares is 615.86M with 2.11% of that held by the insiders while 94.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.90% and return on equity (ROE) at 1.00%. It has a price to earnings ratio (P/E ratio) of 115.41 while having a 25.88 of forward P/E ratio. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 1.19 while price to sale or P/S ratio amounts to 6.85. Its return on asset (ROA) is 0.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.04% in the Kimco Realty Corporation (KIM) decreasing its stake to 4.46% with control over 10451.0 shares in the company. As per SEC documents, Vanguard Real Estate Index Fund sought 27,598,339 of company’s common stock of worth $568.8 million as per recent closing price of the stock. Vanguard Real Estate Index Fund is not the only institutional holder which restructured its stake in Kimco Realty Corporation, as Vanguard Total Stock Market Index picked 18,951,845 shares of worth $390.6 million to bring its holdings to a total of 0.18 million shares. In the most recent quarter, Vanguard Small Cap Index Fund came rising its stake by 0.55% in the company and now holds 16.02 million or 2.59% of the company’s stake having worth of about 330.23 million.
