Kimco Realty (KIM) to Release Earnings on Friday

Kimco Realty (NYSE:KIM) is expected to be issuing its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $510.69 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The business had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, analysts expect Kimco Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kimco Realty Price Performance

KIM opened at $22.66 on Friday. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.83. The stock has a 50-day moving average price of $23.66 and a 200-day moving average price of $23.30. The firm has a market cap of $15.27 billion, a PE ratio of 41.19, a P/E/G ratio of 2.87 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KIM shares. UBS Group increased their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Scotiabank raised their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Mizuho lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI lowered their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.97.

About Kimco Realty

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.