Kimco Reaches 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 Monday as it is currently trading at $21.99, above its previous 52-week high of $21.98 with 2.3 million shares traded as of 2:55 p.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Kimco has a market cap of $8.88 billion and is part of the financial sector and real estate industry. Shares are up 12.7% year to date as of the close of trading on Friday.

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 80.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kimco as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Kimco Ratings Report.

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