Kimco Realty Corporation (NYSE:KIM) shares traded -1.36% lower at $21.73 on Wall Street last session.
KIM stock price is now 11.00% away from the 50-day moving average and 12.13% away from the 200-day moving average. The market capitalization of the company currently stands at $14.65B.
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With the price target reduced from $24 to $20, BofA Securities Downgraded its rating from Buy to Neutral for Kimco Realty Corporation (NYSE: KIM). On March 22, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $26 to quote $20, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, LOURENSO FRANK, Director sold 8,890 shares of the company’s stock on Feb 13 ’24. The stock was sold for $172,653 at an average price of $19.42. Upon completion of the transaction, the Director now directly owns 203,534 shares in the company, valued at $4.42 million. A total of 2.15% of the company’s stock is owned by insiders.
During the past 12 months, Kimco Realty Corporation has had a low of $16.27 and a high of $22.83. The fifty day moving average price for KIM is $19.6274 and a two-hundred day moving average price translates $19.417 for the stock.
The latest earnings results from Kimco Realty Corporation (NYSE: KIM) was released for 2024-03-31. The net profit margin was 17.43% and return on equity was 3.46% for KIM. The company reported revenue of $503.75 million for the quarter, compared to $442.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.74 percent.
