There is no doubt that Kimco Realty Corporation (KIM) ticks all the boxes.

Kimco Realty Corporation (NYSE: KIM) stock fell -2.22% on Friday to $19.80 against a previous-day closing price of $20.25. With 3.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.74 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $20.53 whereas the lowest price it dropped to was $19.80. The 52-week range on KIM shows that it touched its highest point at $26.57 and its lowest point at $18.52 during that stretch. It currently has a 1-year price target of $24.62. With its current market cap of 12.21 billion, KIM has annualized dividend of $0.88 while the current yield stands at 4.44%. Beta for the stock currently stands at 1.38.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KIM was down-trending over the past week, with a drop of -4.90%, but this was down by -10.00% over a month. Three-month performance surged to 4.10% while six-month performance fell -18.89%. The stock lost -7.56% in the past year, while it has lost -19.68% so far this year. A look at the trailing 12-month EPS for KIM yields 1.20 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.16. This implies an EPS growth rate of -28.90% for this year and 45.20% for next year.

Float and Shares Shorts:

At present, 615.64 million KIM shares are outstanding with a float of 605.46 million shares on hand for trading. On Aug 30, 2022, short shares totaled 15.51 million, which was 2.51% higher than short shares on Jul 28, 2022. In addition to Mr. Milton Cooper as the firm’s Co-Founder & Exec. Chairman, Mr. Conor C. Flynn serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 96.81% of KIM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.55% of KIM, in contrast to 5.28% held by mutual funds. Shares owned by individuals account for 36.52%. As the largest shareholder in KIM with 15.76% of the stake, The Vanguard Group, Inc. holds 97,449,779 shares worth 97,449,779. A second-largest stockholder of KIM, SSgA Funds Management, Inc., holds 44,920,176 shares, controlling over 7.26% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in KIM, holding 38,837,986 shares or 6.28% stake. With a 4.57% stake in KIM, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 28,285,568 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.96% of KIM stock, is the second-largest Mutual Fund holder. It holds 18,284,500 shares valued at 385.44 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in KIM, owning 15,646,109 shares worth 329.82 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KIM since 25 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KIM analysts setting a high price target of $28.00 and a low target of $22.00, the average target price over the next 12 months is $24.79. Based on these targets, KIM could surge 41.41% to reach the target high and rise by 11.11% to reach the target low. Reaching the average price target will result in a growth of 25.2% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KIM will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $0.86 being high and $0.46 being low. For KIM, this leads to a yearly average estimate of $0.56. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kimco Realty Corporation surprised analysts by -$0.36 when it reported -$0.21 EPS against a consensus estimate of $0.15. The surprise factor in the prior quarter was $0.22. Based on analyst estimates, the high estimate for the next quarter is $0.18 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.16.

Summary of Insider Activity:

Insiders traded KIM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 1,029,059 while 330,466 shares were sold.

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