Kimco Realty Corporation (NYSE:KIM) traded at $18.94 at last check on Tuesday, April 30, made an upward move of 0.69% on its previous day’s price.
Looking at the stock we see that its previous close was $18.81. The company has a trailing 12-month PE ratio of 18.73. In terms of its 52-week price range, KIM has a high of $22.83 and a low of $16.27. The company’s stock has lost about -0.79% over that past 30 days.
Kimco Realty Corporation has a market cap of $12.77 billion. With its Forward Dividend at 0.94 and a yield of 4.95%, the company’s investors could be anxious for the KIM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.18, with the EPS growth for the year raised at $0.73 for 2024 and $0.75 for next year. These figures represent -28.40% and 2.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $477.31 million, with a low of $448 million and a high of $503.27 million. The median projection represents growth squeezing down to 7.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.92 billion, or 7.80% up from figures reported last year.
On the other hand, looking at the outlook for the KIM stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 3.23% off its SMA20 and -0.18% from its 50-day simple moving average. The RSI (14) is pointing at 55.91 while the volatility over the past week is 1.45% and jumps to 1.83% over the past one month. The beta value is 1.45, while the average true range (ATR) is currently pointing at 0.38.
Coming back to Kimco Realty Corporation (NYSE:KIM), we note that the average 3-month trading volume was 5.22 million. Current shares outstanding are 674.14 million.
The insiders hold 2.15% of the company’s shares while institutions hold 101.51%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -11.12% down in year-to-date price movement.
