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Friday, November 27, 2020

Kimco Realty Corporation (NYSE:KIM) is Waving the Bear Flag

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Kimco Realty Corporation (KIM) shares are trading at lower $11.06 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $13.47.

To add more color to this target, the company’s high over the last year is $21.86 and the low is $7.45. Over the last 52 weeks, KIM is down -48.29% while the S&P 500 is up 14.62%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, KIM reported a profit of $64.12 million. Kimco Realty Corporation also saw revenues increase to $238.92 million. In addition, KIM has free cash flow of $104.26 million as of 06-2020. The company’s EBITDA came in at $137.68 million which compares well with its peers.

KIM booked profit margins of 87.60%, its Return on Equity (ROE) is 19.30%, and its Return on Assets is 8.60%. All told, it is clear that, KIM needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KIM has a short ratio of 2.64 and outstanding shares of 429.97M.

Company Outlook

KIM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.44 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.26. Investors should also keep an eye on sector updates as KIM has historically followed its peers on positive news.

All told, Kimco Realty Corporation KIM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KIM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Kimco Realty Corporation KIM is now commanding a market cap of 4.82B and a float of 420.58M. KIM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KIM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in KIM, either long or short, and we have not been compensated for this article.

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