Kimco Realty Corporation (KIM)
Kimco Realty Corporation is a real estate investment trust (REIT) that invests in shopping centers.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.06% per annum.
- KIM price at the close of March 31, 2025 was $21.24 and was higher than the top border of the primary price channel by $0.70 (3.41%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.61% per annum.
- KIM price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of KIM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 6, 2021
End date: July 11, 2024
a = 2.9760
b = -0.0001
s = 0.0751
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0751) – 1
= 35.06%
April 6, 2021 calculations
Top border of price channel:
Exp(Y254)
= Exp(a + b × X254 + 2 × s)
= Exp(a + b × 370 + 2 × s)
= Exp(2.9760 + -0.0001 × 370 + 2 × 0.0751)
= Exp(3.1052)
= $22.31
Bottom border of price channel:
Exp(Y254)
= Exp(a + b × X254 – 2 × s)
= Exp(a + b × 370 – 2 × s)
= Exp(2.9760 + -0.0001 × 370 – 2 × 0.0751)
= Exp(2.8047)
= $16.52
July 11, 2024 calculations
Top border of price channel:
Exp(Y1,075)
= Exp(a + b × X1,075 + 2 × s)
= Exp(a + b × 1,562 + 2 × s)
= Exp(2.9760 + -0.0001 × 1,562 + 2 × 0.0751)
= Exp(3.0373)
= $20.85
Bottom border of price channel:
Exp(Y1,075)
= Exp(a + b × X1,075 – 2 × s)
= Exp(a + b × 1,562 – 2 × s)
= Exp(2.9760 + -0.0001 × 1,562 – 2 × 0.0751)
= Exp(2.7368)
= $15.44
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.06% per annum.
- KIM price at the close of March 31, 2025 was $21.24 and was higher than the top border of the primary price channel by $0.70 (3.41%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 10, 2023
End date: March 10, 2025
a = 2.2534
b = 0.0005
s = 0.0725
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 19.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0725) – 1
= 33.64%
March 10, 2023 calculations
Top border of price channel:
Exp(Y740)
= Exp(a + b × X740 + 2 × s)
= Exp(a + b × 1,073 + 2 × s)
= Exp(2.2534 + 0.0005 × 1,073 + 2 × 0.0725)
= Exp(2.9247)
= $18.63
Bottom border of price channel:
Exp(Y740)
= Exp(a + b × X740 – 2 × s)
= Exp(a + b × 1,073 – 2 × s)
= Exp(2.2534 + 0.0005 × 1,073 – 2 × 0.0725)
= Exp(2.6348)
= $13.94
March 10, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,804 + 2 × s)
= Exp(2.2534 + 0.0005 × 1,804 + 2 × 0.0725)
= Exp(3.2833)
= $26.66
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,804 – 2 × s)
= Exp(2.2534 + 0.0005 × 1,804 – 2 × 0.0725)
= Exp(2.9934)
= $19.95
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.61% per annum.
- KIM price at the close of March 31, 2025 was inside the secondary price channel.