Kimco Realty Corporation [NYSE: KIM] loss -2.77% on the last trading session, reaching $18.62 price per share at the time. The company report on February 23, 2021 that Kimco Realty Declares Common Stock Cash Dividend for First Quarter 2021.
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 its Board of Directors declared a quarterly cash dividend of $0.17 per common share, payable on March 24, 2021 to shareholders of record on March 10, 2021.
Kimco Realty Corporation represents 429.99 million in outstanding shares, while the company has a total market value of $8.14 billion with the latest information. KIM stock price has been found in the range of $18.44 to $19.44.
If compared to the average trading volume of 4.70M shares, KIM reached a trading volume of 5516032 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $17.48 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 2.30. 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 0.58, with the Price to Sales ratio for KIM stock in the period of the last 12 months amounting to 7.31. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 0.74. Price to Free Cash Flow for KIM in the course of the last twelve months was 102.19.
Trading performance analysis for KIM stock
Kimco Realty Corporation [KIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.20. With this latest performance, KIM shares gained by 7.82% in over the last four-week period, additionally plugging by 57.53% over the last 6 months – not to mention a rise of 1.86% 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 66.05, with the RSI for the last a single of trading hit 65.72, and the three-weeks RSI is set at 65.41 for Kimco Realty Corporation [KIM]. The present Moving Average for the last 50 days of trading for this stock 16.26, while it was recorded at 18.44 for the last single week of trading, and 13.29 for the last 200 days.
Kimco Realty Corporation [KIM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Kimco Realty Corporation [KIM] shares currently have an operating margin of +60.66 and a Gross Margin at +65.72. Kimco Realty Corporation’s Net Margin is presently recorded at +54.29.
Return on Total Capital for KIM is now 10.28, given the latest momentum, and Return on Invested Capital for the company is 9.35. Return on Equity for this stock inclined to 19.11, with Return on Assets sitting at 8.85. When it comes to the capital structure of this company, Kimco Realty Corporation [KIM] has a Total Debt to Total Equity ratio set at 97.22. Additionally, KIM Total Debt to Total Capital is recorded at 49.30, with Total Debt to Total Assets ending up at 46.94. Long-Term Debt to Equity for the company is recorded at 97.22, with the Long-Term Debt to Total Capital now at 49.30.
Receivables Turnover for the company is 8.42 with a Total Asset Turnover recorded at a value of 0.16.
Kimco Realty Corporation [KIM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Kimco Realty Corporation posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.60%. 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%.
An analysis of insider ownership at Kimco Realty Corporation [KIM]
There are presently around $6,797 million, or 92.30% of KIM stock, in the hands of institutional investors. The top three institutional holders of KIM stocks are: VANGUARD GROUP INC with ownership of 65,576,462, which is approximately 0.518% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 41,652,116 shares of the stock with an approximate value of $775.56 million in KIM stocks shares; and JPMORGAN CHASE & CO, currently with $494.11 million in KIM stock with ownership of nearly 33.862% of the company’s market capitalization.
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 180 institutional holders increased their position in Kimco Realty Corporation [NYSE:KIM] by around 40,188,449 shares. Additionally, 203 investors decreased positions by around 34,461,668 shares, while 61 investors held positions by with 290,366,078 shares. The mentioned changes placed institutional holdings at 365,016,195 shares, according to the latest SEC report filing. KIM stock had 54 new institutional investments in for a total of 9,432,783 shares, while 52 institutional investors sold positions of 2,743,232 shares during the same period.