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Buy, Sell Or Hold Kimco Realty Corporation (NYSE:KIM) At $18.65?

In recent trading session, Kimco Realty Corporation (NYSE:KIM) saw 0.95 million shares changing hands at last check today with its beta currently measuring 1.38. Company’s recent per share price level of $18.65 trading at -$0.52 or -2.74% at last check today assigns it a market valuation of $11.82B. That most recent trading price of KIM’s stock is at a discount of -42.47% from its 52-week high price of $26.57 and is indicating a premium of 0.7% from its 52-week low price of $18.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.95 million shares which gives us an average trading volume of 3.69 million if we extend that period to 3-months.

For Kimco Realty Corporation (KIM), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 25 analysts covering the stock, 0 rated the stock as a Sell while 4 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.15 in the current quarter.

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Kimco Realty Corporation (NYSE:KIM) trade information

Upright in the red during last session for losing -2.74%, in the last five days KIM remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $18.65 price level, adding 10.59% to its value on the day. Kimco Realty Corporation’s shares saw a change of -22.23% in year-to-date performance and have moved -7.30% in past 5-day. Kimco Realty Corporation (NYSE:KIM) showed a performance of -12.78% in past 30-days. Number of shares sold short was 14.97 million shares which calculate 3.02 days to cover the short interests.

Kimco Realty Corporation (KIM) estimates and forecasts

Statistics highlight that Kimco Realty Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -20.19% of value to its shares in past 6 months, showing an annual growth rate of 13.04% while that of industry is 6.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -83.50% in the current quarter and calculating 15.40% increase in the next quarter. This year revenue growth is estimated to rise 24.30% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $415.79 million for the same. And 10 analysts are in estimates of company making revenue of $422.43 million in the next quarter that will end on Dec 2022. Company posted $364.69 million and $420.4 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 14.00% while estimating it to be 0.50% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.20% during past 5 years.

KIM Dividends

Kimco Realty Corporation is more likely to be releasing its next quarterly report between April 27 and May 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Kimco Realty Corporation (NYSE:KIM)’s Major holders

Insiders are in possession of 2.11% of company’s total shares while institution are holding 96.81 percent of that, with stock having share float percentage of 98.89%. Investors also watch the number of corporate investors in a company very closely, which is 96.81% institutions for Kimco Realty Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at KIM for having 100.54 million shares of worth $2.48 billion. And as of Mar 30, 2022, it was holding 16.27% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 55.69 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 9.01% of outstanding shares, having a total worth of $1.38 billion.

On the other hand, Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2022, the former fund manager was holding 29.59 million shares of worth $749.47 million or 4.79% of the total outstanding shares. The later fund manager was in possession of 17.78 million shares on Mar 30, 2022, making its stake of worth around $439.13 million in the company or a holder of 2.88% of company’s stock.

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