Kimco Realty Corporation (NYSE:KIM) shares, rose in value, with the stock price up by 0.43% to the previous day’s close as strong demand from buyers drove the stock to $18.88.
Actively observing the price movement in the last trading, the stock closed the session at $18.80. The value of beta (5-year monthly) was 1.44 whereas the PE ratio was 18.67 over 12-month period. Referring to stock’s 52-week performance, its high was $22.83, and the low was $16.27. On the whole, KIM has fluctuated by -3.03% over the past month.
The company’s Forward Dividend Ratio is 0.94, with its dividend yield at 4.98%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.18, which is expected to increase to $0.2 for fiscal year $0.66 and then to about $0.76 by fiscal year 2025. Data indicates that the EPS growth is expected to be -35.30% in 2025, while the next year’s EPS growth is forecast to be 15.20%.
Analysts have estimated the company’s revenue for the quarter at $477.27 million, with a low estimate of $448 million and a high estimate of $503.27 million. According to the average forecast, sales growth in current quarter could jump up 7.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.91 billion, representing an increase of 7.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. 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% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KIM currently trading nearly -3.31% and -5.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.51, while the 7-day volatility ratio is showing 1.81% which for the 30-day chart, stands at 1.68%. Furthermore, Kimco Realty Corporation (KIM)’s beta value is 1.44, and its average true range (ATR) is 0.39.
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 0.43% in last session, and over the past year, it grew by 1.57%%.
Data on historical trading for Kimco Realty Corporation (NYSE:KIM) indicates that the trading volumes over the past 10 days have averaged 4.33 million and over the past 3 months, they’ve averaged 6.07 million. According to company’s latest data on outstanding shares, there are 672.90 million shares outstanding.
Nearly 2.26% of Kimco Realty Corporation’s shares belong to company insiders and institutional investors own 102.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.27 million shares as on Feb 29, 2024, resulting in a short ratio of 2.62. According to the data, the short interest in Kimco Realty Corporation (KIM) stood at 2.27% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 20.14 million. The stock has fallen by -11.40% 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.
