Kimco Realty Corporation (NYSE:KIM)’s traded shares stood at 5.56 million during the last session, with the company’s beta value hitting 1.43. At the close of trading, the stock’s price was $19.36, to imply an increase of 2.92% or $0.55 in intraday trading. The KIM share’s 52-week high remains $22.83, putting it -17.92% down since that peak but still an impressive 15.96% since price per share fell to its 52-week low of $16.27. The company has a valuation of $13.05B, with an average of 5.42 million shares in intraday trading volume over the past 10 days and average of 6.02 million shares over the past 3 months.
Kimco Realty Corporation (NYSE:KIM) trade information
After registering a 2.92% upside in the last session, Kimco Realty Corporation (KIM) has traded red over the past five days. The stock hit a weekly high of 19.75, jumping 2.92% in its intraday price action. The 5-day price performance for the stock is -0.41%, and -1.02% over 30 days. With these gigs, the year-to-date price performance is -9.15%. Short interest in Kimco Realty Corporation (NYSE:KIM) saw shorts transact 15.27 million shares and set a 2.62 days time to cover.
Kimco Realty Corporation (KIM) estimates and forecasts
Looking at statistics comparing Kimco Realty Corporation share performance against respective industry, we note that the company has outperformed competitors. Kimco Realty Corporation (KIM) shares are 11.50% up over the last 6 months, with its year-to-date growth rate higher than industry average at 0.64% against -0.80%. Revenue is forecast to shrink -60.90% this quarter before jumping 12.50% for the next one. The rating firms project that company’s revenue will grow 7.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $477.27 million. Meanwhile, for the quarter ending Jun 2024, a total of 9 analyst(s) estimate revenue growth to $477.33 million.Earnings reports from the last fiscal year show that sales brought in $442.89 million and $439.01 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 7.80% before jumping 8.70% in the following quarter.
KIM Dividends
Kimco Realty Corporation has its next earnings report out between October 25 and October 30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Kimco Realty Corporation has a forward dividend ratio of 0.94, with the share yield ticking at 4.86% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Kimco Realty Corporation (NYSE:KIM)’s Major holders
Kimco Realty Corporation insiders hold 2.17% of total outstanding shares, with institutional holders owning 90.65% of the shares at 92.66% float percentage. In total, 90.65% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 101.11 million shares (or 16.31% of shares), all amounting to roughly $1.99 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 60.93 million shares, or about 9.83% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $1.2 billion.
We also have Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Kimco Realty Corporation (KIM) shares. Going by data provided on Jul 30, 2023, Vanguard Specialized-Real Estate Index Fund holds roughly 26.12 million shares. This is just over 4.21% of the total shares, with a market valuation of $529.24 million. Data from the same date shows that the other fund manager holds a little less at 19.29 million, or 3.11% of the shares, all valued at about 380.35 million.
