Kimco Realty Corporation (NYSE: KIM) is 19.85% higher on its value in year-to-date trading and has touched a low of $17.57 and a high of $25.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KIM stock was last observed hovering at around $25.37 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $25.54, the stock is 3.47% and 6.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.25 million and changing 0.67% at the moment leaves the stock 21.64% off its SMA200. KIM registered 37.11% gain for a year compared to 6-month gain of 40.10%. The firm has a 50-day simple moving average (SMA 50) of $23.9322 and a 200-day simple moving average (SMA200) of $20.9689.
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The stock witnessed a 8.45% loss in the last 1 month and extending the period to 3 months gives it a 10.28%, and is 1.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.93% over the week and 1.70% over the month.
Kimco Realty Corporation (KIM) has around 660 employees, a market worth around $17.26B and $1.98B in sales. Current P/E ratio is 47.51 and Fwd P/E is 35.38. Profit margin for the company is 17.63%. Distance from 52-week low is 45.36% and 0.31% from its 52-week high. The company has generated returns on investments over the last 12 months (1.84%).
The EPS is expected to shrink by -47.37% this year.
Kimco Realty Corporation (KIM) Top Institutional Holders
840.0 institutions hold shares in Kimco Realty Corporation (KIM), with institutional investors hold 97.09% of the company’s shares. The shares outstanding are 674.08M, and float is at 659.70M with Short Float at 2.43%. Institutions hold 95.00% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 110.32 million shares valued at $2.15 billion. The investor’s holdings represent 16.4634% of the KIM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 67.11 million shares valued at $1.31 billion to account for 10.0144 of the shares outstanding. The other top investors are STATE STREET CORP which holds 44.29 million shares representing 6.6087% and valued at over $861.8 million, while COHEN & STEERS, INC. holds 6.0627 of the shares totaling 40.63 million with a market value of $790.5 million.
Kimco Realty Corporation (KIM) Insider Activity
The most recent transaction is an insider sale by Jamieson David, the company’s Chief Operating Officer. SEC filings show that Jamieson David sold 50,000 shares of the company’s common stock on Aug 02 ’24 at a price of $21.92 per share for a total of $1.1 million. Following the sale, the insider now owns 0.34 million shares.
Still, SEC filings show that on Feb 13 ’24, LOURENSO FRANK (Director) disposed off 8,890 shares at an average price of $19.42 for $0.17 million. The insider now directly holds 203,534 shares of Kimco Realty Corporation (KIM).
