Kimco Realty Corp (NYSE:KIM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have been given an average rating of “Hold” by the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.84.

KIM has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Scotiabank raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Robert W. Baird raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Friday, December 20th.

Kimco Realty Trading Up 2.2 %

KIM opened at $23.42 on Tuesday. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $23.79 and a 200-day moving average of $23.26. The stock has a market cap of $15.79 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same quarter last year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts predict that Kimco Realty will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.25 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. CWM LLC raised its position in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 595 shares during the period. Truist Financial Corp raised its position in Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after acquiring an additional 746 shares during the period. Finally, Signaturefd LLC raised its position in Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 783 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Company Profile

Kimco Realty Corp. 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 December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.