Kimco Realty Corp (NYSE:KIM)
March 15th, 2019
Amidst rising markets Kimco Realty Corp fell ($0.22) Friday, down 1.23%, closing at $17.66. Despite the drop in price it hit a new 52 week high of $18.01. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.92.
KIM was outperformed by the rest of the Real Estate sector which went down only -0.38%.
Kimco Realty Corp is listed on the S&P 500 index, and was one of 167 stocks that dropped today. Weighted by market cap, KIM represents about 0.03% of the S&P 500.
Results from 19 analysts indicates that Kimco Realty Corp might fall somewhat (-1.64%).
The market sectors were mixed Friday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.22%), while Real Estate saw the biggest drop (-0.38%). Information Technology has seen the biggest year-to-date gain at 17.76%.
Real Estate and Industrials saw turn arounds from their five day positive performance, Real Estate with a drop of -0.38%.
- Information Technology went up with a 1.22% change.
- Consumer Discretionary went up with a 0.71% change.
- Financials went up with a 0.64% change.
- Consumer Staples went up with a 0.50% change.
- Healthcare went up with a 0.49% change.
- Utilities went up with a 0.47% change.
- Materials went up with a 0.20% change.
- Communication Services went up with a 0.01% change.
- Energy went down with a -0.08% change.
- Industrials went down with a -0.25% change.
- Real Estate went down with a -0.38% change.
Kimco Realty Corp Info
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 September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 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.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Kimco Realty Corp’s score is 0.92) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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