Kimco Realty Stock Fair Value – Naviter Wealth LLC Boosts Investment in Kimco Realty Despite Difficult Real Estate Market
June 30, 2023
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Kimco Realty ($NYSE:KIM) Corp, a publicly traded real estate investment trust (REIT) and one of the largest owners and operators of open-air shopping centers in the United States, has seen a boost in its stock thanks to Naviter Wealth LLC. Despite the current difficult market conditions in real estate, Naviter Wealth LLC has increased its shareholding in Kimco Realty Corp., which has had a positive effect on the company’s stock. Kimco Realty Corp has consistently delivered strong financial performance and total returns for its stockholders. Naviter Wealth is an independent wealth management firm with a long history of investing in real estate assets.
This move has had a positive effect on Kimco Realty Corp and its stock price. Naviter Wealth LLC’s increased investment in Kimco Realty Corp shows that even in the midst of a difficult real estate market, there are still investment opportunities available for those who are willing to take a risk. Kimco Realty Corp’s stock has seen a boost thanks to this increased investment, and investors can now look forward to potential returns from this REIT.
Market Price
The stock opened at $19.2 and closed at $18.8, a decrease of 1.3% from the previous closing price of 19.1. This move by Naviter Wealth LLC demonstrates the company’s confidence and commitment to Kimco Realty‘s success, even in a challenging market. The investment serves as a vote of confidence in the company’s current financial position, as well as its potential for growth in the future. With the support of Naviter Wealth LLC, Kimco Realty is poised to continue its success and to remain a leader in the real estate market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kimco Realty. More…
| Total Revenues | Net Income | Net Margin |
| 1.74k | 152.5 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kimco Realty. More…
| Operations | Investing | Financing |
| 861.11 | -63.22 | -982.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kimco Realty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.96k | 8.08k | 15.39 |
Key Ratios Snapshot
Some of the financial key ratios for Kimco Realty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 33.2% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Kimco Realty Stock Fair Value
After analyzing KIMCO REALTY‘s fundamentals, GoodWhale has concluded that the company is trading at a substantial discount. Our proprietary Valuation Line indicates that the fair value of a KIMCO REALTY share is around $23.9. At the current price of $18.8, KIMCO REALTY is undervalued by 21.4%. This makes KIMCO REALTY a compelling investment opportunity for investors looking for good returns. More…
Peers
Kimco Realty Corp is one of the largest real estate investment trusts in the United States. The company owns and operates open-air shopping centers. Kimco’s competitors include Brixmor Property Group Inc, Morguard North American Residential Real Estate Investment Trust, and Strategic Realty Trust Inc.
– Brixmor Property Group Inc ($NYSE:BRX)
Brixmor Property Group Inc is a publicly traded real estate investment trust that owns, operates, and leases a portfolio of open-air shopping centers in the United States. As of December 31, 2020, the company’s portfolio consisted of 468 shopping centers spanning approximately 75.4 million square feet of gross leasable area. Brixmor’s properties are leased to a diversified mix of national, regional, and local tenants. Notable tenants include grocery stores, discount stores, restaurants, entertainment venues, and service providers.
– Morguard North American Residential Real Estate Investment Trust ($TSX:MRG.UN)
Morguard North American Residential Real Estate Investment Trust is a real estate investment trust that invests in, owns, and operates a diversified portfolio of residential properties in Canada and the United States. The company has a market capitalization of $591.44 million as of 2022.
– Strategic Realty Trust Inc ($OTCPK:SGIC)
Strategic Realty Trust Inc is a real estate investment trust that owns and operates a portfolio of properties in the United States. The company has a market cap of 7.63M as of 2022. Strategic Realty Trust Inc was founded in 2010 and is headquartered in New York, New York.
Summary
Naviter Wealth LLC recently increased their stake in Kimco Realty Corporation, despite challenging real estate market conditions. This signals that the company is being seen as a viable investment in current times. Analysts suggest that the company has a strong balance sheet and a resilient portfolio of assets that make it well positioned to navigate the uncertain market conditions.
Investors are optimistic about the company’s prospects, given its strong track record of delivering value through its impressive portfolio of retail, industrial, and office properties. This increased stake could be an indication of increased investor confidence in Kimco Realty’s ability to generate steady returns and remain resilient in an unpredictable market.
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