In the last trading session, 1.1 million Kimco Realty Corporation (NYSE:KIM) shares changed hands as the company’s beta touched 1.49. With the company’s per share price at $23.12 changed hands at $0.04 or 0.19% during last session, the market valuation stood at $15.59B. KIM’s last price was a discount, traded about -4.89% off its 52-week high of $24.25. The share price had its 52-week low at $16.27, which suggests the last value was 29.63% up since then. When we look at Kimco Realty Corporation’s average trading volume, we note the 10-day average is 5.09 million shares, with the 3-month average coming to 4.09 million.
Analysts gave the Kimco Realty Corporation (KIM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.23. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended KIM as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Kimco Realty Corporation’s EPS for the current quarter is expected to be 0.17.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Kimco Realty Corporation (NYSE:KIM) trade information
Instantly KIM was in green as seen at the end of in last trading. With action -1.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 8.52%, with the 5-day performance at -1.01% in the red. However, in the 30-day time frame, Kimco Realty Corporation (NYSE:KIM) is -0.45% down. Looking at the short shares, we see there were 16.28 million shares sold at short interest cover period of 4.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need an upside of 3.67% from its current market value. According to analyst projections, KIM’s forecast low is 20 with 28 as the target high. To hit the forecast high, the stock’s price needs a -21.11% plunge from its current level, while the stock would need to tank 13.49% for it to hit the projected low.
Kimco Realty Corporation (KIM) estimates and forecasts
Data shows that the Kimco Realty Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 23.27% over the past 6 months, a 3.18% in annual growth rate that is considerably higher than the industry average of -0.80%. Year-over-year growth is forecast to reach 12.40% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 497.3M. 10 analysts are of the opinion that Kimco Realty Corporation’s revenue for the current quarter will be 507.21M. The estimates for the next quarter sales put growth at 12.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.05%. The 2024 estimates are for Kimco Realty Corporation earnings to decrease by -49.38%, but the outlook for the next 5-year period is at -11.06% per year.
KIM Dividends
Kimco Realty Corporation is expected to release its next quarterly earnings report on 2024-Oct-31. The 4.15% annual yield figure for the share gives it an annual dividend of 0.96. It is important to note, however, that the 4.15% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.79 per year.
Kimco Realty Corporation (NYSE:KIM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.15% of Kimco Realty Corporation shares while 94.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.48%. There are 94.40% institutions holding the Kimco Realty Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 16.4634% of the shares, roughly 110.32 million KIM shares worth $2.15 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.0144% or 67.11 million shares worth $1.31 billion as of 2024-06-30.
