Kimco Realty Corp. Stock Falls Wednesday Despite Outperforming Market.
February 14, 2023
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Kimco Realty ($NYSE:KIM) Corp.’s stock fell on Wednesday, yet still outperformed the broader market. Kimco Realty Corp. is a real estate investment trust company, headquartered in New Hyde Park, New York. It is the largest publicly traded owner and operator of open-air shopping centers in the United States and Puerto Rico. This indicates that the company is confident in its ability to continue to generate cash flow and pay out dividends to investors. In addition to its strong dividend policy, Kimco Realty Corp. is also actively engaged in deploying capital to acquire properties that are well located and have potential for growth.
It has also repositioned some of its existing properties to unlock additional value for shareholders and capitalize on current market conditions. These proactive measures have enabled the company to remain competitive despite the tough economic times. Overall, Kimco Realty Corp.’s stock may be down on Wednesday, yet it is still outperforming the broader market and remains a solid investment for long-term growth. Its strong dividend policy, active capital deployment strategy, and focus on repositioning properties have enabled it to remain profitable despite the challenging economic climate.
Market Price
The news about the company has largely been positive lately, yet on Thursday, KIMCO REALTY opened at $21.9 and closed at $21.4, down by 3.4% from the previous day’s closing price of 22.2. Despite the recent fall, analysts remain generally positive on the stock. Analysts cite the company’s strong balance sheet and low debt levels as reasons to be bullish on the stock. Analysts also point to the company’s steady cash flow and steady dividend payments as potential catalysts for future growth. Investors should be aware of the potential risks associated with investing in a volatile equity like KIMCO REALTY.
Despite its strong fundamentals, there is always a possibility of the stock falling further due to macroeconomic factors or other unforeseen events. Investors should also be aware of the potential for dilution from any new equity issuance. Overall, investors should carefully consider all of the risks and rewards associated with investing in KIMCO REALTY stock before making any decisions related to their investments. With the right approach, investors can still take advantage of the company’s currently attractive valuation and make a profit over time. 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 |
| 1.73k | 100.76 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kimco Realty. More…
| Operations | Investing | Financing |
| 907.36 | -476.26 | -101.14 |
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 |
| 17.83k | 8.09k | 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 |
| – | – | 33.1% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
KIMCO REALTY is a low risk investment according to GoodWhale’s Risk Rating. This means that the financials and business aspects of the company have been analyzed by GoodWhale and have been deemed a low risk investment. GoodWhale has detected one risk warning in KIMCO REALTY’s balance sheet, however this information is only available to registered users. Specifically, GoodWhale’s Risk Rating looks at the company’s total assets, liabilities, and debt. It also analyzes the company’s profits and losses, as well as its future potential and potential risks. GoodWhale takes into consideration the company’s overall financial health, industry trends, and macroeconomic factors. GoodWhale’s Risk Rating provides an in-depth analysis of KIMCO REALTY’s financials, making it a great tool for investors who want to make informed decisions. With GoodWhale’s Risk Rating, investors can quickly assess the risk level of their investments in KIMCO REALTY and make sure that they are making informed decisions. Additionally, GoodWhale’s analysis provides investors with valuable insight into the company’s financial health and helps them to identify any potential risks. 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
KIMCO Realty Corp. has seen its stock price drop on Wednesday, despite outperforming the market. Despite the current positive news and outlook, the stock has moved down, likely due to investors’ cautious attitude in a volatile market. Investors should take into account KIMCO’s financial statements and fundamental performance when considering investing in the company.
Analyzing their balance sheet, income statement, and cash flow can help determine the best investment decision. Furthermore, studying other factors such as management, corporate governance, and competitive environment can also provide insight when investing in KIMCO Realty Corp.
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