Kimco Realty Corporation’s Market Journey: Closing Weak at 23.24, Down -1.27

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The closing price of Kimco Realty Corporation (NYSE: KIM) was $23.24 for the day, down -1.27% from the previous closing price of $23.54. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 4.21 million shares were traded. KIM stock price reached its highest trading level at $23.74 during the session, while it also had its lowest trading level at $23.09.

Ratios:

Our analysis of KIM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 122.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.56. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.74.

On August 16, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Mkt Perform but kept the price unchanged to $25.

BofA Securities Downgraded its Buy to Neutral on April 05, 2024, whereas the target price for the stock was revised from $24 to $20.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 02 ’24 when Jamieson David sold 50,000 shares for $21.92 per share. The transaction valued at 1,096,040 led to the insider holds 337,111 shares of the business.

David R. Jamieson bought 50,000 shares of KIM for $1,104,000 on Aug 02 ’24. On Feb 13 ’24, another insider, LOURENSO FRANK, who serves as the Director of the company, sold 8,890 shares for $19.42 each. As a result, the insider received 172,653 and left with 203,534 shares of the company.

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 15868597248 and an Enterprise Value of 23552542720. As of this moment, Kimco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.78, and their Forward P/E ratio for the next fiscal year is 33.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.17 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 12.385 whereas that against EBITDA is 20.263.

Stock Price History:

Over the past 52 weeks, KIM has reached a high of $24.25, while it has fallen to a 52-week low of $16.27. The 50-Day Moving Average of the stock is 4.58%, while the 200-Day Moving Average is calculated to be 14.91%.

Shares Statistics:

KIM traded an average of 3.97M shares per day over the past three months and 3869930 shares per day over the past ten days. A total of 674.11M shares are outstanding, with a floating share count of 659.38M. Insiders hold about 2.19% of the company’s shares, while institutions hold 94.60% stake in the company. Shares short for KIM as of 1724976000 were 14666282 with a Short Ratio of 3.70, compared to 1722384000 on 17110491. Therefore, it implies a Short% of Shares Outstanding of 14666282 and a Short% of Float of 2.9899999999999998.

Dividends & Splits

With its trailing 12-month dividend rate of 0.95, KIM has a forward annual dividend rate of 0.96. Against a Trailing Annual Dividend Yield of 0.040356837The stock’s 5-year Average Dividend Yield is 4.81.

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