During the recent session, Kimco Realty Corporation (NYSE:KIM)’s traded shares were 2.39 million, with the beta value of the company hitting 1.36. At the last check today, the stock’s price was $23.03, reflecting an intraday gain of 2.38% or $0.53. The 52-week high for the KIM share is $26.57, that puts it down -15.37 from that peak though still a striking 15.2% gain since the share price plummeted to a 52-week low of $19.53. The company’s market capitalization is $14.03B, and the average intraday trading volume over the past 10 days was 6.18 million shares, and the average trade volume was 5.42 million shares over the past three months.
Kimco Realty Corporation (KIM) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. KIM has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 14 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.16.
Kimco Realty Corporation (NYSE:KIM) trade information
Kimco Realty Corporation (KIM) registered a 2.38% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.38% in intraday trading to $23.03 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -7.02%, and it has moved by -7.82% in 30 days. Based on these gigs, the overall price performance for the year is 7.86%. The short interest in Kimco Realty Corporation (NYSE:KIM) is 19.99 million shares and it means that shorts have 5.04 day(s) to cover.
Kimco Realty Corporation (KIM) estimates and forecasts
Statistics show that Kimco Realty Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Kimco Realty Corporation (KIM) shares have gone down -3.89% during the last six months, with a year-to-date growth rate more than the industry average at 10.14% against 6.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -64.40% this quarter and then drop -43.30% in the quarter after that. In the rating firms’ projections, revenue will increase 25.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $388.54 million as predicted by 9 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $399.97 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $266.32 million and $262.74 million respectively. In this case, analysts expect current quarter sales to grow by 45.90% and then jump by 52.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.20%. While earnings are projected to return -28.90% in 2022, the next five years will return 4.60% per annum.
Kimco Realty Corporation is due to release its next quarterly earnings between April 27 and May 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kimco Realty Corporation is 0.80, with the dividend yield indicating at 3.56 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.90%.
Kimco Realty Corporation (NYSE:KIM)’s Major holders
Kimco Realty Corporation insiders own 2.01% of total outstanding shares while institutional holders control 93.10%, with the float percentage being 95.01%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 704 institutions own stock in it. As of Sep 29, 2021, the company held over 96.47 million shares (or 15.65% of all shares), a total value of $2.0 billion in shares.
The next largest institutional holding, with 52.51 million shares, is of Blackrock Inc.’s that is approximately 8.52% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $1.09 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Kimco Realty Corporation (KIM) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Oct 30, 2021 indicates that Vanguard Specialized-Real Estate Index Fund owns about 27.47 million shares. This amounts to just over 4.46 percent of the company’s overall shares, with a $620.84 million market value. The same data shows that the other fund manager holds slightly less at 17.32 million, or about 2.81% of the stock, which is worth about $359.48 million.