What Is the Outlook for Kimco Realty Shares?

Despite today's 2.0% jump to $22.67, Kimco Realty may soon be running into resistance as it is now within range of its average analyst target price of $23.36. With an average rating of buy, and analysts assigning target prices from 20 to 26 dollars per share, investors will be asking themselves if the Retail Real Estate Investment Trust stock can sustain this bullish run.

The market seems to share this optimistic view, since Kimco Realty has a short interest of only 2.0% (this is the percentage of the share float that is being shorted). Each short position represents an investor's expectation that the price of the stock will decrease in the future.

Another way to gauge the sentiment on Kimco Realty is to look at the percentage of institutions that are invested in the stock. In this case, 96.1% of the shares are held by pension, mutual, and hedge funds, which shows that these institutions probably have strong confidence in the stock.

In conclusion, we see mostly positive market sentiment regarding Kimco Realty because of its an analyst consensus of some upside potential, a buy rating, an average amount of shares sold short, and a significant number of institutional investors. At Market Inference, we believe that any investment decision should be preceded by an in-depth analysis of the company's fundamental values and a comparison with similar stocks.

Here's a snapshot of some important facts to keep in mind about KIM:

  • The stock has trailing 12 month earnings per share (Eps) of $0.29

  • Kimco Realty has a trailing 12 month Price to Earnings (P/E) ratio of 78.2 compared to the S&P 500 average of 15.97

  • The company has a Price to Book (P/B) ratio of 1.4 in contrast to the S&P 500's average ratio of 2.95

  • Kimco Realty is a Real Estate company, and the sector average P/E and P/B ratios are 27.16 and 2.39 respectively

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.