Thursday, January 21, 2021

Market cap of Kimco Realty Corporation [KIM] reaches 6.80B – now what?

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Kimco Realty Corporation [NYSE: KIM] price surged by 2.71 percent to reach at $0.42. The company report on January 13, 2021 that Kimco Realty Appoints Henry Moniz to its Board of Directors.

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Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, announced that Henry Moniz has been appointed to the company’s Board of Directors. Mr. Moniz is Executive Vice President and Chief Compliance Officer at ViacomCBS Inc., where he also serves as Chief Audit Executive. With this appointment, Kimco’s Board has expanded to include nine members. Mr. Moniz’s term will begin immediately.


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In his role at ViacomCBS, Mr. Moniz advises the company’s Board of Directors, Chief Executive Officer, and other members of management on governance and oversight of enterprise-wide management of non-insured risks, with emphasis on quality assurance and metrics, data and predictive risk analytics and monitoring, financial and information technology controls, culture, ethics, regulatory and geopolitical volatility, strategic direction, and operational efficiency.

A sum of 7035250 shares traded at recent session while its average daily volume was at 4.61M shares. Kimco Realty Corporation shares reached a high of $15.93 and dropped to a low of $15.52 until finishing in the latest session at $15.92.

The one-year KIM stock forecast points to a potential downside of -0.95. The average equity rating for KIM stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Kimco Realty Corporation [KIM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KIM shares is $15.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KIM stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Mizuho have made an estimate for Kimco Realty Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 11, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $15 to $16.50. The new note on the price target was released on December 15, 2020, representing the official price target for Kimco Realty Corporation stock. Previously, the target price had yet another raise from $12 to $16, while Wells Fargo kept a Overweight rating on KIM stock. On November 03, 2020, analysts increased their price target for KIM shares from 12 to 14.

The Average True Range (ATR) for Kimco Realty Corporation is set at 0.48, with the Price to Sales ratio for KIM stock in the period of the last 12 months amounting to 6.27. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.76. Price to Free Cash Flow for KIM in the course of the last twelve months was 33.85.

KIM Stock Performance Analysis:

Kimco Realty Corporation [KIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.87. With this latest performance, KIM shares gained by 7.93% in over the last four-week period, additionally plugging by 32.45% over the last 6 months – not to mention a drop of -20.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KIM stock in for the last two-week period is set at 64.00, with the RSI for the last a single of trading hit 68.68, and the three-weeks RSI is set at 61.68 for Kimco Realty Corporation [KIM]. The present Moving Average for the last 50 days of trading for this stock 14.41, while it was recorded at 15.47 for the last single week of trading, and 12.17 for the last 200 days.

Insight into Kimco Realty Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Kimco Realty Corporation [KIM] shares currently have an operating margin of +23.68 and a Gross Margin at +47.77. Kimco Realty Corporation’s Net Margin is presently recorded at +35.83.

Return on Total Capital for KIM is now 2.61, given the latest momentum, and Return on Invested Capital for the company is 3.98. Return on Equity for this stock inclined to 8.00, with Return on Assets sitting at 3.71. When it comes to the capital structure of this company, Kimco Realty Corporation [KIM] has a Total Debt to Total Equity ratio set at 111.17. Additionally, KIM Total Debt to Total Capital is recorded at 52.65, with Total Debt to Total Assets ending up at 49.18. Long-Term Debt to Equity for the company is recorded at 111.17, with the Long-Term Debt to Total Capital now at 52.65.

Reflecting on the efficiency of the workforce at the company, Kimco Realty Corporation [KIM] managed to generate an average of $812,761 per employee. Receivables Turnover for the company is 5.35 with a Total Asset Turnover recorded at a value of 0.10.

KIM Stock EPS

With the latest financial reports released by the company, Kimco Realty Corporation posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KIM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kimco Realty Corporation go to 4.60%.

Kimco Realty Corporation [KIM] Insider Position Details

There are presently around $5,716 million, or 86.70% of KIM stock, in the hands of institutional investors. The top three institutional holders of KIM stocks are: VANGUARD GROUP INC with ownership of 65,238,286, which is approximately -5.601% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 37,420,281 shares of the stock with an approximate value of $595.73 million in KIM stocks shares; and APG ASSET MANAGEMENT US INC., currently with $352.34 million in KIM stock with ownership of nearly 5.32% of the company’s market capitalization.

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Positions in Kimco Realty Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 178 institutional holders increased their position in Kimco Realty Corporation [NYSE:KIM] by around 36,694,818 shares. Additionally, 204 investors decreased positions by around 58,024,799 shares, while 65 investors held positions by with 264,327,476 shares. The mentioned changes placed institutional holdings at 359,047,093 shares, according to the latest SEC report filing. KIM stock had 48 new institutional investments in for a total of 4,524,397 shares, while 59 institutional investors sold positions of 9,859,537 shares during the same period.

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