Undoubtedly, Kimco Realty Corporation (NYSE:KIM) has been one of the most volatile stocks in the market in recent times, and the way it handled Tuesday’s volatility suggests the stock may be poised to decline heading into short-terms. The shares dropped -0.08 points or -0.45 percent at $17.73 with a light trade volume of 4.229 million shares. After opening the session at $17.85, the shares went as high as $17.9 and as low as $17.66, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.38 billion and now has 416.43 million shares outstanding. Kimco Realty Corporation (KIM) stock has gained 11.72 percent of market value in 21 trading days.
KIM stock has a trailing 3-year beta of 0.66, 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 $0.57 a share in the trailing twelve months. The stock’s value has surged 21.02 percent year to date (YTD) against a rise of 25.04 percent in 12 month’s time. The company’s shares still trade -1.28 percent away from its 1-year high of $17.96 and 34.73 percent up from 52-week low of $13.16. The average consensus rating on the company is 2.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Kimco Realty Corporation (KIM) will probably climb -3.27 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $19.5 price as 12-month high target. This represents a whopping 9.98 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 -4.12 percent when compared to the closing price of the stock of $17.73 on Tuesday, February 12. The lowest price target for the stock is $14.5 — slightly more than -18.22 percent from KIM’s current share price.
History has shown that shares in Kimco Realty Corporation have gone up on 19 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. Investors will get their next glimpse of KIM’s Q1 earnings on April 24. Analysts are forecasting revenue to suffer decline of -8.1 percent to $279M in the fiscal first quarter, while earnings are seen soaring by nearly -46.67 percent to $0.16 per share. It earned $0.17 per share, better than the $0.15, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $214M, worse than the $279M analysts expected. Earnings are estimated to increase by 12.8 percent this year, 3.3 percent next year and continue to increase by 4.6 percent annually for the next 5 years.
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 19.45 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 8.2 percent rally 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 18.18 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 16.48 percent since the reporting date. Lourenso Frank now left with a stake of 204.47 thousand KIM stock worth $3.63 million after the insider selling.
The stock is currently hovering around the first support level of $17.63. Below this, the next support is placed in the zone of $17.52. Till the time, the KIM stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 67.9 on daily chart, which may remain a cause for concern. If the price breaks below $17.52 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $17.87 mark may result into a pull-back move towards $18 level.
Further, it is sporting a 6.07 on the Price-to-Sales ratio. Compare this with the industry average P/S of 11.43. 72.1 percent is the gross profit margin for Kimco Realty Corporation and operating margin sits at 30.5 percent. Along with this, the net profit margin is 39.5 percent.