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Saturday, June 3, 2023

The Question Is Whether To Buy Or Not To Buy Kimco Realty Corporation (NYSE: KIM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Kimco Realty Corporation (KIM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -2.46%, to $18.23. The Kimco Realty Corporation has recorded 231,979 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Kimco Realty® Announces First Quarter 2023 Results.

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Stocks Info

Kimco Realty Corporation is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Retail industry. At the end of the last regular session, the stock closed at $18.69 and fluctuated between $18.84 as its day high and $18.33 as its day low. The current market capitalization of Kimco Realty Corporation is $11.41B. A total of 4.36 million shares were traded on the day, compared to an average of 4.63M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, KIM has seen 20 BUY and 6 SELL insider trades, representing the acquisition of 1,297,600 and the disposition of 392,073 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.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Kimco Realty Corporation pays an annual dividend of $0.92, resulting in a dividend yield of 4.92%, and it has a price to earnings (P/E) ratio of 77.88. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for KIM in the last 3 months, the mean price target is $22.83 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 $23.96 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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

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. 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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