Mizuho has recently reduced Kimco Realty Corp (KIM) stock to Neutral rating, as announced on August 19, 2024, according to Finviz. Earlier, on August 16, 2024, Raymond James had raised the stock from a Mkt Perform to Strong Buy, setting a price target of $25. BofA Securities also reduced Neutral rating with a price target of $20. Additionally, Citigroup reduced Neutral rating on March 22, 2024, with a target price of $20. Deutsche Bank analysts, in their report published on January 30, 2024, also initiated Hold rating for Kimco Realty Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Kimco Realty Corp (KIM) Stock Trading Recap
On Tuesday, Kimco Realty Corp (KIM) stock saw a decline, ending the day at $24.04 which represents a decrease of $-0.02 or -0.08% from the prior close of $24.06. The stock opened at $24.03 and touched a low of $23.96 during the day, reaching a high of $24.23. The volume of shares traded was 2.06 million falling short of the average volume of 4.05 million.
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KIM Stock Performance and Moving Averages
In recent trading, Kimco Realty Corp (KIM) stock price has shown some volatility, fluctuating 0.08% over the last five trades and 1.74% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 29.04%, and it has gained 15.02% in the previous three months. Currently, KIM is trading at 2.68%, 3.47%, and 17.31% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, KIM, a Real Estate sector stock, is trading -2.55% below its 52-week high but remains 47.77% above its 52-week low. The Average True Range (ATR) (14 days) of 0.42 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Kimco Realty Corp’s Profitability and Valuation Ratios
Kimco Realty Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 32.02% and a profit margin of 17.49%, with a gross margin of 29.04%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Kimco Realty Corp’s market capitalization stands at $16.21 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 45.29, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 35.33. Additionally, the Price-to-Sales Ratio is 8.45, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.53, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.14% of Kimco Realty Corp (KIM)’s shares, while financial institutions hold 94.66%.
Notable insider trades include Jamieson David, Chief Operating Officer at Kimco Realty Corp (KIM), who sold 50000 shares on Aug 02 ’24, at $21.92 each, totaling $1.10 million. On Feb 13 ’24, LOURENSO FRANK, Director, sold 8890 shares for $19.42 each, amounting to $0.17 million.
