Kimco Realty Corporation [KIM] stock prices are down -0.06% to $17.60 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KIM shares have lost -2.06% over the last week, with a monthly amount drifted -7.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kimco Realty Corporation [NYSE: KIM] stock has seen the most recent analyst activity on April 05, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $20 from $24. Previously, Citigroup downgraded its rating to Neutral on March 22, 2024, and dropped its price target to $20. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $23 on the stock. Wells Fargo upgraded its rating to a Equal Weight but stick to its price target of $20 on September 20, 2023. Mizuho upgraded its rating to a Buy and reduced its price target to $20 on September 18, 2023. Compass Point upgraded its rating to Buy for this stock on August 28, 2023, but kept the price target unchanged to $22. In a note dated August 16, 2023, Goldman downgraded an Neutral rating on this stock but restated the target price of $21.
The stock price of Kimco Realty Corporation [KIM] has been fluctuating between $16.27 and $22.83 over the past year. Currently, Wall Street analysts expect the stock to reach $24.63 within the next 12 months. Kimco Realty Corporation [NYSE: KIM] shares were valued at $17.60 at the most recent close of the market. An investor can expect a potential return of 39.94% based on the average KIM price forecast.
Analyzing the KIM fundamentals
The Kimco Realty Corporation [NYSE:KIM] reported sales of 1.80B for trailing twelve months, representing a surge 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 17.51 points at the first support level, and at 17.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.76, and for the 2nd resistance point, it is at 17.93.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.60, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 17.41.
Transactions by insiders
Recent insider trading involved LOURENSO FRANK, Director, that happened on Feb 13 ’24 when 8890.0 shares were sold.
