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BofA Securities gives a Neutral recommendation for Kimco Realty Corporation (KIM)

Kimco Realty Corporation’s recently made public that its Director LOURENSO FRANK unloaded Company’s shares for reported $0.17 million on Feb 13 ’24. In the deal valued at $19.42 per share,8,890 shares were sold. As a result of this transaction, LOURENSO FRANK now holds 203,534 shares worth roughly $3.79 million.

BofA Securities downgraded its Kimco Realty Corporation [KIM] rating to a Neutral from a a Buy in a research note published on April 05, 2024; the price target was decreased to $20 from $24. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. Deutsche Bank began covering KIM with “Hold” recommendation on January 30, 2024. Wells Fargo revised its rating on September 20, 2023. It rated KIM as “an Equal weight” which previously was an “an Underweight”.

Price Performance Review of KIM

On Tuesday, Kimco Realty Corporation [NYSE:KIM] saw its stock fall -0.96% to $18.63. Kimco Realty Corporation shares have fallen nearly -12.58% since the year began. Nevertheless, the stocks have fallen -2.49% over the past one year. While a 52-week high of $22.83 was reached on 01/02/24, a 52-week low of $16.27 was recorded on 04/16/24. SMA at 50 days reached $18.95, while 200 days put it at $19.24. A total of 5.2 million shares were traded, compared to the trading of 5.0 million shares in the previous session.

Levels Of Support And Resistance For KIM Stock

The 24-hour chart illustrates a support level at 18.50, which if violated will result in even more drops to 18.36. On the upside, there is a resistance level at 18.89. A further resistance level may holdings at 19.14. The Relative Strength Index (RSI) on the 14-day chart is 50.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.39%. Stochastics %K at 76.77% indicates the stock is a holding.

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