Barclays Begins Coverage on Kimco Realty (NYSE:KIM)

Barclays began coverage on shares of Kimco Realty (NYSE:KIM - Free Report) in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $25.00 price target on the real estate investment trust's stock.

KIM has been the topic of several other reports. Piper Sandler cut their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Scotiabank cut their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.70.

Kimco Realty Stock Up 0.8%

Shares of KIM traded up $0.18 during mid-day trading on Wednesday, reaching $21.62. The company's stock had a trading volume of 3,389,277 shares, compared to its average volume of 4,508,007. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. Kimco Realty has a 12-month low of $17.93 and a 12-month high of $25.83. The stock has a market cap of $14.63 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company's 50 day moving average is $20.95 and its 200 day moving average is $21.46.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The firm's quarterly revenue was up 965.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share. Equities analysts anticipate that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is 129.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its stake in Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after acquiring an additional 111,496 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Kimco Realty in the fourth quarter valued at about $9,057,000. GF Fund Management CO. LTD. purchased a new stake in shares of Kimco Realty in the fourth quarter valued at about $287,000. Generali Asset Management SPA SGR acquired a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $610,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Kimco Realty during the 4th quarter worth approximately $1,045,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.