Stock in Focus: Kimco Realty Corporation (KIM)

Company Profile:

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2017, the company owned interests in 492 U.S. shopping centers comprising 83 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 60 years.

Recent News:

For the first quarter ended March 31, 2018, the conpany reported that income available to the company’s common shareholders was $129.5 million, or $0.30 per diluted share, compared to $65.2 million, or $0.15 per diluted share, for the first quarter 2017.

Kimco’s board of directors declared a quarterly cash dividend of $0.28 per common share, payable on July 16, 2018, to shareholders of record on July 3, 2018.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

KIM’s strengths can be seen in its better growth, strong profitablity and robust solvency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic Oscillator. RSI(14) stands at 60.08 with positive bias. We rate Kimco Realty Corporation (KIM) a STRONG BUY.

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