While Kimco Realty Corporation has underperformed by -1.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KIM rose by 22.18%, with highs and lows ranging from $25.83 to $17.57, whereas the simple moving average jumped by 16.22% in the last 200 days.
On August 19, 2024, Mizuho Downgraded Kimco Realty Corporation (NYSE: KIM) to Neutral. A report published by Raymond James on August 16, 2024, Upgraded its rating to ‘Strong Buy’ for KIM. BofA Securities also Downgraded KIM shares as ‘Neutral’, setting a target price of $20 on the company’s shares in a report dated April 05, 2024. Citigroup March 22, 2024d the rating to Neutral on March 22, 2024, and set its price target from $26 to $20. Deutsche Bank initiated its ‘Hold’ rating for KIM, as published in its report on January 30, 2024. Wells Fargo’s report from September 20, 2023 suggests a price prediction of $20 for KIM shares, giving the stock a ‘Equal Weight’ rating. Mizuho also rated the stock as ‘Buy’.
Analysis of Kimco Realty Corporation (KIM)
KIM currently pays a dividend of $0.97 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 14.74%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Kimco Realty Corporation’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 3.78% is sufficient for you to turn a profit off your investment.
An average volume of 4.11M can be a very valuable indicator of volatility for KIM stock. On a monthly basis, the volatility of the stock is set at 1.18%, whereas on a weekly basis, it is put at 1.02%, with a loss of -1.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.53, showing growth from the present price of $24.73, which can serve as yet another indication of whether KIM is worth investing in or should be passed over.
How Do You Analyze Kimco Realty Corporation Shares?
The USA based company Kimco Realty Corporation (KIM) is one of the biggest names in REIT – Retail. When comparing Kimco Realty Corporation shares with other companies under Real Estate, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 46.00, there is a growth in quarterly earnings of 3.77%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.38% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KIM shares are owned by institutional investors to the tune of 95.38% at present.
