In yesterday’s Wall Street session, Kimco Realty Corporation (NYSE:KIM) shares traded at $17.94, down -0.17% from the previous session.
KIM stock price is now -7.75% away from the 50-day moving average and -7.11% away from the 200-day moving average. The market capitalization of the company currently stands at $12.09B.
With the price target reduced from $24 to $20, BofA Securities Downgraded its rating from Buy to Neutral for Kimco Realty Corporation (NYSE: KIM). On March 22, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $26 to quote $20, while ‘Deutsche Bank’ rates the stock as ‘Hold’
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 $3.65 million. A total of 2.15% 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 $19.40 and a two-hundred day moving average price translates $19.35 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 $477.31M in revenue.
