This is why Kimco Realty Corporation (KIM) Stock is one of the options for the Longer run

Kimco Realty Corporation [KIM] stock prices are up 0.52% to $23.35 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The KIM shares have gain 0.82% over the last week, with a monthly amount glided 10.40%, and 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 August 19, 2024, when Mizuho downgraded its rating to a Neutral. Previously, Raymond James upgraded its rating to Strong Buy on August 16, 2024, and kept the price target unchanged to $25. On April 05, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $20 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $20 on March 22, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $23 as its price target on January 30, 2024. Wells Fargo upgraded its rating to Equal Weight for this stock on September 20, 2023, but kept the price target unchanged to $20. In a note dated September 18, 2023, Mizuho upgraded an Buy rating on this stock and revised its target price from $21 to $20.

The stock price of Kimco Realty Corporation [KIM] has been fluctuating between $16.27 and $23.53 over the past year. Currently, Wall Street analysts expect the stock to reach $23.63 within the next 12 months. Kimco Realty Corporation [NYSE: KIM] shares were valued at $23.35 at the most recent close of the market. An investor can expect a potential return of 1.2% based on the average KIM price forecast.

Analyzing the KIM fundamentals

The Kimco Realty Corporation [NYSE:KIM] reported sales of 1.92B for trailing twelve months, representing a surge of 13.14%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.

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 23.16 points at the first support level, and at 22.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.53, and for the 2nd resistance point, it is at 23.71.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.21, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 43.99.

Transactions by insiders

Recent insider trading involved Jamieson David, Chief Operating Officer, that happened on Aug 02 ’24 when 50000.0 shares were sold. Officer, David R. Jamieson completed a deal on Aug 02 ’24 to buy 50000.0 shares. Meanwhile, Director LOURENSO FRANK sold 8890.0 shares on Feb 13 ’24.

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