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Saturday, June 3, 2023

Kimco Realty Corporation (KIM) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Kimco Realty Corporation (KIM) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $18.44. The Kimco Realty Corporation has recorded 73,468 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Kimco Realty® Announces First Quarter 2023 Results.

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Stocks Info

Kimco Realty Corporation is listed on the NYSE in the Real Estate sector while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $18.44 and fluctuated between $18.58 as its day high and $18.12 as its day low. The current market capitalization of Kimco Realty Corporation is $11.31B. A total of 5.19 million shares were traded on the day, compared to an average of 4.63M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, KIM has seen 20 BUY and 11 SELL insider trades, representing the acquisition of 1,297,600 and the disposition of 459,976 shares. Over the last 12 months, there were 20 BUYs and 11 SELLs from insiders. Insiders purchased 1,297,600 shares during that period but sold 459,976.

In the most recent transaction, LOURENSO FRANK sold 9,630 shares of KIM for 20.70 per share on Feb 28. After the transaction, the Director now owns 212,424 company shares. In a previous transaction on Oct 14, KIMCO REALTY CORP sold 11,500,000 shares at 26.18 per share. KIM shares that owns now total 28,338,105.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Kimco Realty Corporation pays an annual dividend of $0.92, resulting in a dividend yield of 4.99%, and it has a price to earnings (P/E) ratio of 76.83. KIM’s most recent ex-dividend date was 6/7/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 6/22/2023. Previously, the company paid the dividend on 3/23/2023 with an ex-dividend date of 3/8/2023. The KIM stock dividend was $0.23 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for KIM in the last 3 months, the mean price target is $22.93 with high estimates of $26.00 and low estimates of $20.00. In terms of 52-week highs and lows, KIM has a high of $25.22 and a low of $17.34.

As of this writing, KIM has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.1. The company reported an EPS of -$0.09 in the last quarter, which was -156.20% lower than expectations of $0.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. KIM’s latest balance sheet shows that the firm has $1.55B in Cash & Short Term Investments as of fiscal 2021. There were $7.60B in debt and $5.37M in liabilities at the time. Its Book Value Per Share was $15.45, while its Total Shareholder’s Equity was $10.12B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KIM is Buy with a score of 3.93.

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