Kimco Realty Corporation (NYSE:KIM) has a beta value of 1.34 and has seen 2,350,083 shares traded in the last trading session. The company, currently valued at $6.47 Billion, closed the last trade at $14.95 per share which meant it lost -$0.03 on the day or -0.2% during that session. The KIM stock price is -45.62% off its 52-week high price of $21.77 and 50.17% above the 52-week low of $7.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.63 Million shares traded. The 3-month trading volume is 5.14 Million shares.
The consensus among analysts is that Kimco Realty Corporation (KIM) is an Overweight stock at the moment, with a recommendation rating of 2.6. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 12 out of 20 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.11.
Kimco Realty Corporation (NYSE:KIM) trade information
Despite being -0.2% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Nov 16 when the KIM stock price touched $15.47- or saw a rise of 3.36%. Year-to-date, Kimco Realty Corporation shares have moved -27.81%, while the 5-day performance has seen it change 5.13%. Over the past 30 days, the shares of Kimco Realty Corporation (NYSE:KIM) have changed 34.68%. Short interest in the company has seen 13.25 Million shares shorted with days to cover at 2.58.
Wall Street analysts have a consensus price target for the stock at $13.74, which means that the shares’ value could jump -8.09% from current levels. The projected low price target is $11 while the price target rests at a high of $17. In that case, then, we find that the current price level is +13.71% off the targeted high while a plunge would see the stock lose -26.42% from current levels.
Kimco Realty Corporation (KIM) estimates and forecasts
9 analysts offering their estimates for the company have set an average revenue estimate of $265.44 Million for the current quarter. 6 have an estimated revenue figure of $268.84 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $291.81 Million and $286Million respectively for this quarter and the next, and analysts expect sales will grow by -9% for the current quarter and -6% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +1% over the past 5 years. Earnings growth for 2020 is a modest -21.6% while over the next 5 years, the company’s earnings are expected to increase by 4.6%.
Kimco Realty Corporation is expected to release its next earnings report between January 28 and February 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.94 at a share yield of 6.28%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.94%.
Kimco Realty Corporation (NYSE:KIM)’s Major holders
Insiders own 2.76% of the company shares, while shares held by institutions stand at 86.58% with a share float percentage of 89.03%. Investors are also buoyed by the number of investors in a company, with Kimco Realty Corporation having a total of 602 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 65.24 Million shares worth more than $734.58 Million. As of September 29, 2020, Vanguard Group, Inc. (The) held 15.08% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 37.42 Million shares as of September 29, 2020. The firm’s total holdings are worth over $421.35 Million and represent 8.65% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and American Mutual Fund Inc. As of July 30, 2020, the former fund manager holds about 4.47% shares in the company for having 19324864 shares of worth $215.47 Million while later fund manager owns 13.21 Million shares of worth $148.74 Million as of September 29, 2020, which makes it owner of about 3.05% of company’s outstanding stock.