Kimco Realty Corporation (NYSE:KIM) has a beta of 1.45, a 12-month trailing P/E ratio of 7.35, and a growth ratio of 1.60. The stock’s Relative Strength Index (RSI) is 56.83, with weekly volatility at 2.55% and ATR at 0.65. The KIM stock’s 52-week price range has touched low of $7.45 and a $21.32 high. Its shares traded lower over the last trading session, losing -0.74% on 12/10/20. The shares fell to a low of $14.71 before closing at $14.82. Intraday shares traded counted 4.4 million, which was 14.85% higher than its 30-day average trading volume of 5.17M. KIM’s previous close was $14.93 while the outstanding shares total 429.99M.
Investors have identified the REIT – Retail company Kimco Realty Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.24 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Kimco Realty Corporation (KIM) Fundamentals that are to be considered.
KIM were able to record 272.14 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 201.03 million. In cash movements, the company had a total of 465.94 million as operating cash flow.
Potential earnings growth for Kimco Realty Corporation (KIM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, Kimco Realty Corporation recorded a total of 259.79 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -8.88% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 8.04%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 186.91 million trying to sell their products during the last quarter, with the result yielding a gross income of 72.88 million. This allows shareholders to hold on to 429.99M with the recently reported earning now reading -0.10 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (0.25 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.29 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on KIM sounds very interesting.
Is the stock of KIM attractive?
In related news, , KIMCO REALTY CORP sold 4,675,726 shares of the company’s stock in a transaction that recorded on Jun 30. The sale was performed at an average price of 15.27, for a total value of 71,405,817. As the sale deal closes, the Director, COVIELLO PHILIP E JR now bought 20,000 shares of the company’s stock, valued at 214,086. Also, Director, LOURENSO FRANK sold 7,770 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 15.84 per share, with a total market value of 123,085. Following this completion of acquisition, the Director, LOURENSO FRANK now holds 5,000 shares of the company’s stock, valued at 95,345. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.76%.
8 out of 20 analysts covering the stock have rated it a Buy, while 12 have maintained a Hold recommendation on Kimco Realty Corporation. 0 analysts has assigned a Sell rating on the KIM stock. The 12-month mean consensus price target for the company’s shares has been set at $14.63.