Kimco Realty (NYSE:KIM) Coverage Initiated at Barclays

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

A number of other analysts have also recently issued reports on KIM. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Wells Fargo & Company decreased 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. Piper Sandler decreased their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Scotiabank decreased their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Finally, Raymond James Financial reduced their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $24.70.

Kimco Realty Trading Up 0.8%

KIM traded up $0.18 during midday trading on Wednesday, hitting $21.62. The company's stock had a trading volume of 3,389,277 shares, compared to its average volume of 4,516,736. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. The firm has a market cap of $14.63 billion, a P/E ratio of 28.08, a PEG ratio of 1.50 and a beta of 1.24. The firm has a 50-day moving average price of $21.00 and a two-hundred day moving average price of $21.42. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The business had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same quarter in the previous year, the business earned $0.39 EPS. The company's revenue for the quarter was up 965.3% on a year-over-year basis. On average, research analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Summit Securities Group LLC bought a new stake in shares of Kimco Realty during the fourth quarter valued at about $26,000. AlphaQuest LLC bought a new stake in shares of Kimco Realty during the first quarter valued at about $29,000. Golden State Wealth Management LLC raised its stake in shares of Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 911 shares in the last quarter. Keystone Global Partners LLC bought a new stake in shares of Kimco Realty during the first quarter valued at about $30,000. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 575 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

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.