Kimco Realty Corporation (NYSE:KIM) shares, rose in value on Thursday, February 13, with the stock price up by 0.67% to the previous day’s close as strong demand from buyers drove the stock to $22.44.
Actively observing the price movement in the last trading, the stock closed the session at $22.29. The PE ratio was 40.56 over 12-month period. Referring to stock’s 52-week performance, its high was $25.75, and the low was $17.39. On the whole, KIM has fluctuated by 1.95% over the past month.
With the market capitalization of Kimco Realty Corporation currently standing at about $15.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.97, with its dividend yield at 4.32%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.09B, with a low estimate of 513.92M and a high estimate of 515.35M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 514.64M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of KIM currently trading nearly -0.18% and -3.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.21, while the 7-day volatility ratio is showing 2.29% which for the 30-day chart, stands at 2.17%. Furthermore, Kimco Realty Corporation (KIM)’s beta value is 1.52, and its average true range (ATR) is 0.49.
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 0.67% in last session, and over the past year, it grew by 14.93%%.
Data on historical trading for Kimco Realty Corporation (NYSE:KIM) indicates that the trading volumes over the past 3 months, they’ve averaged 4.16 million. According to company’s latest data on outstanding shares, there are 679.49 million shares outstanding.
Nearly 2.13% of Kimco Realty Corporation’s shares belong to company insiders and institutional investors own 94.48% of the company’s shares. The stock has fallen by -4.23% 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.
