Is A Kimco Realty Corporation (KIM) Big Rally On The Horizon?

Kimco Realty Corporation (KIM) will probably climb 8.54 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $19.5price as 12-month high target. This represents a whopping 23.42 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $17, which represents a return potential of 7.59 percent when compared to the closing price of the stock of $15.8 on Thursday, January 10. The lowest price target for the stock is $14.5 — slightly more than -8.23 percent from KIM’s current share price.

The stock is currently hovering around the first support level of $15.62. Below this, the next support is placed in the zone of $15.44. Till the time, the KIM stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 55.11 on daily chart, which may remain a cause for concern. If the price breaks below $15.44 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $15.97 mark may result into a pull-back move towards $16.14 level.

On 10th of January, Kimco Realty Corporation (NYSE:KIM) shares ended higher after a volatile session. The shares accumulated 0.06 points or 0.38 percent at $15.8 with a light trade volume of 3.355 million shares. After opening the session at $15.66, the shares went as high as $15.96 and as low as $15.61, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $6.55 billion and now has 414.57 million shares outstanding. Kimco Realty Corporation (KIM) stock has lost -5.84 percent of market value in 21 trading days.

KIM stock has a trailing 3-year beta of 0.54, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.53 a share in the trailing twelve months. The stock’s value has surged 7.85 percent year to date (YTD) against a decline of -8.25 percent in 12 month’s time. The company’s shares still trade -12.03 percent away from its 1-year high of $17.96 and 20.06 percent up from 52-week low of $13.16. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Kimco Realty Corporation (KIM) are trading at a P/E ratio of 49.58 times earnings reported for the past 12 months. The industry KIM operates in has an average P/E of 32.49. Its P/E ratio went as low as 15.58X and as high as 113.58 over the 5-year span. Further, it is sporting a 5.48 on the Price-to-Sales ratio. Compare this with the industry average P/S of 10.23. 72.2 percent is the gross profit margin for Kimco Realty Corporation and operating margin sits at 31.9 percent. Along with this, the net profit margin is 40.9 percent.

Let’s take a look at some insider activity at Kimco Realty Corporation (NYSE:KIM) and see the pattern. The earliest insider trade took place on 12/20/2018. Coviello Philip E Jr gathered a total of 5 thousand shares of company at average share price of $14.91. The total for the purchase was set at $74.55 thousand. After this transaction, the Director account balance stood at 150.97 thousand shares. The stock grew 5.97 percent since that insider purchase. On 08/01/2018, Coviello Philip E Jr, Director, purchased 5.5 thousand shares at a price per share of $16.46. This added 90.53 thousand shares to the insider’s fortune and the stock saw a -4.01 percent retreat in value since the news became public. This transaction left 145.97 thousand shares in the Director account.

On 02/28/2018, Director Coviello Philip E Jr performed a purchase transaction worth $233.59 thousand. This purchase at $15.07 each has added 15.5 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 4.84 percent increase since the transaction was reported. The insider now is left with 140.47 thousand shares remaining in the account. Lourenso Frank, who performs the Director job, sold 3.38 thousand shares for $51.68 thousand. The disposal occurred on 02/27/2018 was priced at $15.29 per share. The share price soared 3.34 percent since the reporting date. Lourenso Frank now left with a stake of 204.47 thousand KIM stock worth $3.23 million after the insider selling.