In the last trading session, 2.81 million shares of the Kimco Realty Corporation (NYSE:KIM) were traded, and its beta was 1.49. Most recently the company’s share price was $23.55, and it changed around -$0.4 or -1.67% from the last close, which brings the market valuation of the company to $15.88B. KIM currently trades at a discount to its 52-week high of $24.67, offering almost -4.76% off that amount. The share price’s 52-week low was $16.27, which indicates that the current value has risen by an impressive 30.91% since then. We note from Kimco Realty Corporation’s average daily trading volume that its 10-day average is 3.85 million shares, with the 3-month average coming to 4.00 million.
Kimco Realty Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 2.19. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 13 recommended KIM as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Kimco Realty Corporation is expected to report earnings per share of 0.17 for the current quarter.
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Kimco Realty Corporation (NYSE:KIM) trade information
Instantly KIM has showed a red trend with a performance of -1.67% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 24.60 on recent trading dayincreased the stock’s daily price by 4.27%. The company’s shares are currently up 10.51% year-to-date, but still down -4.35% over the last five days. On the other hand, Kimco Realty Corporation (NYSE:KIM) is 2.97% up in the 30-day period. We can see from the shorts that 15.84 million shares have been sold at a short interest cover period of 3.66 day(s).
The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to increase their stock price by 1.87% from its current value. Analyst projections state that KIM is forecast to be at a low of $20 and a high of $28.
Kimco Realty Corporation (KIM) estimates and forecasts
Kimco Realty Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 28.13 percent over the past six months and at a 3.18% annual growth rate that is well above the industry average of -1.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -10.50% in revenue this quarter, and will report a decrease of -22.70% in the next quarter. The year-over-year growth rate is expected to be 12.50%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 497.61M in revenue for the current quarter. 10 analysts expect Kimco Realty Corporation to make 508.99M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 12.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.05%. Kimco Realty Corporation earnings are expected to increase by -50.21% in 2024, but the outlook is positive 3.63% per year for the next five years.
KIM Dividends
Kimco Realty Corporation’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 4.08 percent and its annual dividend per share was 0.96. It is important to note, however, that the 4.08% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.79 per year.
Kimco Realty Corporation (NYSE:KIM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.15% of Kimco Realty Corporation shares, and 94.48% of them are in the hands of institutional investors. The stock currently has a share float of 96.56%. Kimco Realty Corporation stock is held by 820.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 16.4634% of the shares, which is about 110.32 million shares worth $2.15 billion.
BLACKROCK INC., with 10.0144% or 67.11 million shares worth $1.31 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
