Kimco Realty Corporation (NYSE:KIM) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Kimco Realty, based on 16 ratings: nine holds, six buys, and one strong buy. Their average 12-month price target is $25.88.
• Kimco’s latest quarterly results beat EPS estimates slightly, at $0.47 versus $0.46, while revenue of $546.15 million missed estimates. Revenue increased 3.9% year over year.
• The REIT announced a quarterly dividend of $0.28 per share, equivalent to an annualized $1.12 and a 4.4% yield.

Shares of Kimco Realty Corporation (NYSE:KIM - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $25.88.

A number of equities analysts have weighed in on the company. Piper Sandler upped their target price on Kimco Realty from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, November 2nd. The Goldman Sachs Group set a $24.00 price target on Kimco Realty in a research report on Wednesday, October 7th. UBS Group dropped their price target on Kimco Realty from $29.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Morgan Stanley boosted their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 29th. Finally, Mizuho decreased their price objective on shares of Kimco Realty from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, September 24th.

Kimco Realty Stock Down 0.0%

Shares of NYSE:KIM opened at $25.51 on Monday. The firm has a fifty day moving average price of $23.20 and a two-hundred day moving average price of $23.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.81 and a quick ratio of 3.81. Kimco Realty has a one year low of $19.76 and a one year high of $26.65. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.89 and a beta of 0.91.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $546.15 million during the quarter, compared to analyst estimates of $549.06 million. Kimco Realty had a net margin of 34.06% and a return on equity of 7.16%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Analysts anticipate that Kimco Realty will post 1.85 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 4th. This represents a $1.12 annualized dividend and a yield of 4.4%. Kimco Realty's payout ratio is presently 104.67%.

Hedge Funds Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ibex Wealth Advisors boosted its holdings in Kimco Realty by 3.4% during the 3rd quarter. Ibex Wealth Advisors now owns 437,146 shares of the real estate investment trust's stock valued at $9,709,000 after acquiring an additional 14,293 shares during the period. Eurizon Capital SGR S.p.A. grew its position in Kimco Realty by 408.1% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 215,679 shares of the real estate investment trust's stock worth $4,792,000 after acquiring an additional 173,229 shares during the last quarter. Fifth Third Bancorp increased its stake in Kimco Realty by 3.0% in the 3rd quarter. Fifth Third Bancorp now owns 48,516 shares of the real estate investment trust's stock worth $1,078,000 after purchasing an additional 1,427 shares during the period. Maryland State Retirement & Pension System increased its stake in Kimco Realty by 23.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 43,246 shares of the real estate investment trust's stock worth $960,000 after purchasing an additional 8,103 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new position in Kimco Realty in the 3rd quarter worth approximately $902,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust that owns and operates open-air shopping centers, with a focus on grocery-anchored properties and mixed-use developments. Its properties bring together grocery stores, retailers, restaurants and service businesses.

Founded in 1958, Kimco has grown into a major U.S. retail real estate owner. Its portfolio serves communities across the United States, including markets in which its centers provide everyday shopping and services.

Kimco is headquartered in Jericho, New York.

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