Kimco Realty Corporation [KIM] stock is trading at $19.73, up 1.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The KIM shares have gain 4.95% over the last week, with a monthly amount drifted -0.25%, and not seem to be holding up well over a long-time horizon.
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On 21, March 2024, Kimco Realty® Invites You to Join Its First Quarter Earnings Conference Call. In a post published today on Yahoo Finance, Kimco Realty® (NYSE: KIM) will announce its first quarter 2024 earnings on Thursday, May 2, 2024, before market open. You are invited to listen to our quarterly earnings conference call, which will be webcast on Thursday, May 2, 2024, at 8:30 AM ET.
From an analyst’s perspective:
Kimco Realty Corporation [NYSE: KIM] stock has seen the most recent analyst activity on January 30, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $23. Previously, Wells Fargo upgraded its rating to Equal Weight on September 20, 2023, and kept the price target unchanged to $20. On September 18, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $20 on the stock. Compass Point upgraded its rating to a Buy but stick to its price target of $22 on August 28, 2023. Goldman downgraded its rating to a Neutral but $21 remained the price target by the analyst firm on August 16, 2023. Wells Fargo started tracking with a Underweight rating for this stock on May 24, 2023, and assigned it a price target of $19.
Kimco Realty Corporation [KIM] stock has fluctuated between $16.27 and $22.83 over the past year. Currently, Wall Street analysts expect the stock to reach $24.95 within the next 12 months. Kimco Realty Corporation [NYSE: KIM] shares were valued at $19.73 at the most recent close of the market. An investor can expect a potential return of 26.46% based on the average KIM price forecast.
Analyzing the KIM fundamentals
Kimco Realty Corporation [NYSE:KIM] reported sales of 1.80B for the trailing twelve months, which represents a growth of 3.85%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.53 points at the first support level, and at 19.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.84, and for the 2nd resistance point, it is at 19.95.
Kimco Realty Corporation [KIM] reported earnings per share of $0.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.06 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.16 per share, a difference of $0.03 representing a surprise of 18.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.39, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 19.51.
Transactions by insiders
Recent insider trading involved LOURENSO FRANK, Director, that happened on Feb 13 ’24 when 8890.0 shares were sold.
