Kimco Realty Corp. stock trades under the ticker KIM & has shown bullishness in a recently volatile market, warranting a closer look at it.
KIM stock closed at $23.93/share on 3/9/2022.
Kimco Realty Corp. KIM Stock’s Technicals Broken Down
KIM Stock Price: $23.93
10 Day Moving Average: $23.51
50 Day Moving Average: $23.96
200 Day Moving Average: $22.21
RSI: 52.7
MACD: -0.089
Yesterday, KIM stock completed a bullish MACD crossover, breaking out above both its 10 & 50 Day Moving Averages.
Their RSI is neutral, although they traded on below average volume yesterday compared to the year prior.
Despite this, I am watching them at the $24.25 resistance level, before $24.50.
Kimco Realty Corp. KIM Stock As A Long-Term Investment
Long-term oriented investors will find KIM stock’s valuation metrics appealing, with a P/E (ttm) of 15.26 & a P/B (mrq) of 1.52.
KIM stock’s most recent Quarterly Revenue Growth Y-o-Y was 57.6%.
Their balance sheet will require a closer examination, as their Total Cash (mrq) is $334.66M & their Total Debt (mrq) is $7.62B.
Moody’s rates Kimco Realty Corp.’s debt Baa1, which is considered medium grade.
KIM stock pays a 2.89% dividend yield, which appears safe as their payout ratio is 42.5%.
95.5% of KIM stock’s outstanding share float is held by institutional investors.
Kimco Realty Corp. KIM Stock As A Short-Term Trade Using Options
Traders focused on the short-term can use options to take advantage of Kimco Realty stock’s price movement in either direction.
I am looking at the contracts with the 3/18 expiration date.
The $22.50 & $25 call options look appealing, with the latter having more open interest, despite being out-of-the-money.
The $25 puts are the highest price level with liquidity, as there is no open interest at the $30 or $35 strike prices.
Tying It All Together
Kimco Realty Corp. stock is worth taking a closer look into regardless of your trading style.
Investors will like their valuation metrics & dividend yield, but would be wise to take a closer look into their balance sheet.
Traders will like their momentum in a volatile market, but may be disappointed by the liquidity of their options contracts for the nearest expiration date.
Overall, it is worth digging deeper into KIM stock.
*** I DO NOT OWN SHARES OF KIM STOCK ***