KIM Price Prediction Next Week
Technical Analysis: KIM's stock has shown a downward trend over the past week, with the price declining from $19.30 to $18.76 . The MACD indicator suggests bearish momentum, and the stock is trading below its 5-day moving average.
News Impact: Recent earnings report shows:
- FFO guidance for 2025: $1.70-$1.72 per share
- Same-property NOI growth projected at 2%+
- Credit loss assumptions between 75-100 basis points
The company's Q4 2024 performance demonstrated:
- Revenue beat at $525.40M vs. consensus $512.63M
- FFO of $0.42 per share, meeting expectations
- Portfolio occupancy at 96.3%
Price Prediction for Next Week: Based on technical indicators and recent news:
- Resistance level: $19.00
- Support level: $18.40
- Target price range: $18.30-$18.90
Trading Recommendation: SELL with a target price of $18.30 Rationale:
- Bearish technical indicators
- Recent tenant bankruptcies raising credit loss concerns
- Market sentiment showing weakness in retail REIT sector
- Stock trading below key moving averages
Stop-loss can be set at $19.10 to limit potential losses.
KIM Similar Chart Price Prediction
The price of KIM is predicted to go up -3.5%, based on the high correlation periods with WASH. The similarity of these two price pattern on the periods is 95.42%.
KIM
WASH
Down: -3.5%Similarity: 95.42%
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KIM VS S&P500
Many of Kimco's in-place leases are significantly below current market rents, providing a potential and notable source of organic growth well into the future.
Historically low levels of new shopping center supply may continue to support solid operating performance and allow Kimco to successfully execute on its large development and redevelopment pipeline.
The success of off-price retailers should fuel Kimco's need to backfill big-box vacancies.
KIM Analyst's Forecast
Anthony Paolone
JP Morgan
Buy → Hold
2024-12-20
Price Target
$26
Upside
+11.02%
JPMorgan analyst Anthony Paolone downgraded Kimco Realty to Neutral from Overweight with an unchanged price target of $26. The firm made several rating changes in conjunction with its 2025 real estate investment trust and real estate services outlook. The downgrade of Kimco is based on the view that visible external growth should be a more prominent stock driver in 2025, and this points JPMorgan to some other areas of the strip center and overall REIT groups that have "meaningful" in-place development/redevelopment pipelines or consistent acquisition flow, the analyst tells investors in a research note.
Vikram Malhorta
Mizuho
Hold
2024-12-10
Price Target
$24 → $26
Upside
+5.14%
Greg McGinniss
Scotiabank
Hold
2024-11-25
Price Target
$23 → $26
Upside
+1.8%
