Kimco Realty (KIM) Marked As A Barbarian At The Gate
Trade-Ideas LLC identified
(
) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Kimco Realty as such a stock due to the following factors:
- KIM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $63.6 million.
- KIM has traded 145,014 shares today.
- KIM traded in a range 268% of the normal price range with a price range of $1.02.
- KIM traded above its daily resistance level (quality: 2 days, meaning that the stock is crossing a resistance level set by the last 2 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).
Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.
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More details on KIM:
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The stock currently has a dividend yield of 3.3%. KIM has a PE ratio of 2. Currently there are 6 analysts that rate Kimco Realty a buy, no analysts rate it a sell, and 8 rate it a hold.
The average volume for Kimco Realty has been 2.9 million shares per day over the past 30 days. Kimco has a market cap of $13.1 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.62 and a short float of 5% with 7.69 days to cover. Shares are up 17.6% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Kimco Realty as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- Compared to its closing price of one year ago, KIM's share price has jumped by 29.22%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, KIM should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market on the basis of return on equity, KIMCO REALTY CORP has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
- The gross profit margin for KIMCO REALTY CORP is rather high; currently it is at 56.12%. Regardless of KIM's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, KIM's net profit margin of 37.19% compares favorably to the industry average.
- KIM, with its decline in revenue, underperformed when compared the industry average of 12.1%. Since the same quarter one year prior, revenues slightly dropped by 4.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- You can view the full Kimco Realty Ratings Report.
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