Kimco Realty Corporation (NYSE:KIM) shares traded -2.94% lower at $18.80 on Wall Street last session.
KIM stock price is now -6.24% away from the 50-day moving average and -2.60% away from the 200-day moving average. The market capitalization of the company currently stands at $12.65B.
With the price target of $23, Deutsche Bank recently initiated with Hold rating for Kimco Realty Corporation (NYSE: KIM). On September 20, 2023, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $20, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, LOURENSO FRANK, Director sold 8,890 shares of the company’s stock on Feb 13 ’24. The stock was sold for $172,653 at an average price of $19.42. Upon completion of the transaction, the Director now directly owns 203,534 shares in the company, valued at $3.83 million. A total of 2.26% of the company’s stock is owned by insiders.
During the past 12 months, Kimco Realty Corporation has had a low of $16.27 and a high of $22.83. The fifty day moving average price for KIM is $20.00 and a two-hundred day moving average price translates $19.36 for the stock.
The latest earnings results from Kimco Realty Corporation (NYSE: KIM) was released for Dec, 2023. According to the REIT – Retail Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.16 by 0.06. This compares to -$0.08 EPS in the same period last year. The net profit margin was 34.79% and return on equity was 6.83% for KIM. The company reported revenue of $451.6 million for the quarter, compared to $439.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.68 percent. For the current quarter, analysts expect KIM to generate $480.3M in revenue.
Kimco Realty Corporation(KIM) Company Profile
Kimco Realty (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of December 31, 2023, the company owned interests in 523 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space.
