Kimco Realty Corporation (NYSE:KIM) shares, rose in value, with the stock price down by -1.42% to the previous day’s close as strong demand from buyers drove the stock to $22.86.
Actively observing the price movement in the last trading, the stock closed the session at $23.19, falling within a range of $22.715 and $23.21. The value of beta (5-year monthly) was 1.492 whereas the PE ratio was 43.07 over 12-month period. Referring to stock’s 52-week performance, its high was $24.25, and the low was $16.27. On the whole, KIM has fluctuated by -2.68% over the past month.
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With the market capitalization of Kimco Realty Corporation currently standing at about $15.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 4.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.01B, with a low estimate of 480M and a high estimate of 505.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 497.61M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KIM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 11.85, with the price of KIM currently trading nearly -1.68% and -0.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.26, while the 7-day volatility ratio is showing 1.80% which for the 30-day chart, stands at 1.81%. Furthermore, Kimco Realty Corporation (KIM)’s beta value is 1.49, and its average true range (ATR) is 0.41.
A comparison of Kimco Realty Corporation (KIM) with its peers suggests the former has fared considerably weaker in the market. KIM showed an intraday change of -1.42% in last session, and over the past year, it grew by 34.75%%.
Data on historical trading for Kimco Realty Corporation (NYSE:KIM) indicates that the trading volumes over the past 10 days have averaged 3.95 and over the past 3 months, they’ve averaged 4.12 million. According to company’s latest data on outstanding shares, there are 674.11 million shares outstanding.
Nearly 2.14% of Kimco Realty Corporation’s shares belong to company insiders and institutional investors own 94.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.76 million shares as on 2024-09-30, resulting in a short ratio of 4.0. According to the data, the short interest in Kimco Realty Corporation (KIM) stood at 342.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 14.67 million. The stock has risen by 7.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KIM stock heading into the next quarter.
