Kimco Stock Hits New 52-Week High (KIM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Kimco Realty (NYSE: KIM) hit a new 52-week high Friday as it is currently trading at $20.12, above its previous 52-week high of $20.09 with 218,125 shares traded as of 9:40 a.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Kimco has a market cap of $7.9 billion and is part of the financial sector and real estate industry. Shares are up 21.1% year to date as of the close of trading on Thursday.

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 company has a P/E ratio of 53.6, below the average real estate industry P/E ratio of 58.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kimco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Kimco Ratings Report.

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