Kimco Realty Corporation (NYSE:KIM) price on current trading day, fall -0.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $22.28.
A look at the stock’s price movement, the level at last check in today’s session was $22.41, moving within a range at $22.02 and $23.03. The beta value (5-Year monthly) was 1.485 while the PE ratio in trailing twelve months stood at 41.45. Turning to its 52-week performance, $25.75 and $17.39 were the 52-week high and 52-week low respectively. Overall, KIM moved 1.43% over the past month.
Kimco Realty Corporation’s market cap currently stands at around $15.02 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.97, with its dividend yield at 4.35%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 516.17M for the company’s revenue for the quarter, with a low and high estimate of 507.33M and 523.13M respectively. The average forecast suggests up to a 3.46% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.09B, representing a 3.28% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KIM is a 25% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend KIM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KIM’s current price about -0.51% and -4.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.63, while 7-day volatility ratio is 2.08% and 2.09% in the 30-day chart. Further, Kimco Realty Corporation (KIM) has a beta value of 1.52, and an average true range (ATR) of 0.52. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $22 and high of $28. Looking at the price targets, the low is 1.26% off recent price level in today’s trading while to achieve the yearly target high, it has to move -25.67%. Nonetheless, investors will most likely welcome a -7.72% jump to $24 which is the analysts’ median price.
If we refocus on Kimco Realty Corporation (NYSE:KIM), historical trading data shows that trading volumes averaged 4.51 over the past 10 days and 4.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 674.08 million shares.
The 2.13% of Kimco Realty Corporation’s shares are in the hands of company insiders while institutional holders own 95.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.7 million on 2025-01-15, giving us a short ratio of 3.92. The data shows that as of 2025-01-15 short interest in Kimco Realty Corporation (KIM) stood at 320.0 of shares outstanding, with shares short falling to 16.23 million registered in 2024-12-13. Current price change has pushed the stock -4.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KIM stock continues to rise going into the next quarter.
