Kimco Realty Corporation (NYSE: KIM) closed the day trading at $19.36 up 0.31% from the previous closing price of $19.30. On the day, 3136034 shares were traded.
Ratios:
For a better understanding of KIM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.14. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on January 30, 2024, initiated with a Hold rating and assigned the stock a target price of $23.
On September 20, 2023, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight but kept the price unchanged to $20.
Mizuho Upgraded its Neutral to Buy on September 18, 2023, whereas the target price for the stock was revised from $21 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 13 ’24 when LOURENSO FRANK sold 8,890 shares for $19.42 per share. The transaction valued at 172,653 led to the insider holds 203,534 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KIM now has a Market Capitalization of 13.03B and an Enterprise Value of 19.64B. As of this moment, Kimco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.15, and their Forward P/E ratio for the next fiscal year is 25.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.25 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 11.01 whereas that against EBITDA is 14.02.
Stock Price History:
Over the past 52 weeks, KIM has reached a high of $22.83, while it has fallen to a 52-week low of $16.27. The 50-Day Moving Average of the stock is 20.28, while the 200-Day Moving Average is calculated to be 19.33.
Shares Statistics:
Over the past 3-months, KIM traded about 6.43M shares per day on average, while over the past 10 days, KIM traded about 5.01M shares per day. A total of 672.90M shares are outstanding, with a floating share count of 657.70M. Insiders hold about 2.26% of the company’s shares, while institutions hold 102.02% stake in the company. Shares short for KIM as of Feb 15, 2024 were 20.23M with a Short Ratio of 3.15, compared to 17.15M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.01% and a Short% of Float of 3.63%.
Dividends & Splits
KIM’s forward annual dividend rate is 0.94, up from 0.93 a year ago. Against a Trailing Annual Dividend Yield of 4.82%, it implies a Forward Annual Dividend Yield of 4.96%. The stock’s 5-year Average Dividend Yield is 4.96. The current Payout Ratio is 91.43% for KIM, which recently paid a dividend on Mar 21, 2024 with an ex-dividend date of Mar 06, 2024. Stock splits for the company last occurred on Aug 24, 2005 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.01, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.17, with high estimates of $0.2 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.77 and $0.45 for the fiscal current year, implying an average EPS of $0.66. EPS for the following year is $0.76, with 8 analysts recommending between $0.82 and $0.64.
Revenue Estimates
7 analysts predict $477.82M in revenue for the current quarter. It ranges from a high estimate of $503.27M to a low estimate of $448M. As of the current estimate, Kimco Realty Corporation’s year-ago sales were $442.89M, an estimated increase of 7.90% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $478.59M, an increase of 9.00% over than the figure of $7.90% in the same quarter last year. There is a high estimate of $506M for the next quarter, whereas the lowest estimate is $442M.
A total of 8 analysts have provided revenue estimates for KIM’s current fiscal year. The highest revenue estimate was $2.04B, while the lowest revenue estimate was $1.78B, resulting in an average revenue estimate of $1.92B. In the same quarter a year ago, actual revenue was $1.78B, up 7.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.99B in the next fiscal year. The high estimate is $2.15B and the low estimate is $1.84B. The average revenue growth estimate for next year is up 3.70% from the average revenue estimate for this year.
