In yesterday’s Wall Street session, Kimco Realty Corporation (NYSE:KIM) shares traded at $24.66, up 1.40% from the previous session.
KIM stock price is now 4.64% away from the 50-day moving average and 19.07% away from the 200-day moving average. The market capitalization of the company currently stands at $16.62B.
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On August 16, 2024, Raymond James Upgraded its previous ‘Mkt Perform’ rating to ‘Strong Buy’ on the stock keeping its target price maintained at $25, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Jamieson David, Chief Operating Officer sold 50,000 shares of the company’s stock on Aug 02 ’24. The stock was sold for $1,096,040 at an average price of $21.92. Upon completion of the transaction, the Chief Operating Officer now directly owns 337,111 shares in the company, valued at $8.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Officer David R. Jamieson bought 50,000 shares of the business’s stock. A total of $1,104,000 was incurred on buying the stock at an average price of $22.08. A total of 2.13% of the company’s stock is owned by insiders.
During the past 12 months, Kimco Realty Corporation has had a low of $17.44 and a high of $25.01. According to the stock market information, the enterprise value for the company is $24500195328, which is based on a 45.87 price-to-earnings ratio, a 12.63 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for KIM is $23.5372 and a two-hundred day moving average price translates $20.689 for the stock.
The latest earnings results from Kimco Realty Corporation (NYSE: KIM) was released for 2024-09-30. The net profit margin was 17.63% and return on equity was 3.78% for KIM. The company reported revenue of $507.63 million for the quarter, compared to $446.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.8 percent.
