Kimco Realty Corp (NYSE:KIM) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Kimco Realty Corp (NYSE:KIM - Get Free Report) have been given an average rating of "Moderate Buy" by the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.68.

KIM has been the topic of a number of research reports. Citigroup decreased their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note 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 on the stock in a research report on Wednesday, March 26th. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Piper Sandler decreased their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.12 during trading hours on Monday, reaching $21.06. The stock had a trading volume of 2,949,020 shares, compared to its average volume of 5,125,327. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $14.24 billion, a PE ratio of 37.60, a PEG ratio of 2.78 and a beta of 1.26. The stock's 50 day moving average is $20.60 and its 200 day moving average is $22.04.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business's revenue was up 965.3% compared to the same quarter last year. Equities analysts expect that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.75%. Kimco Realty's dividend payout ratio is currently 129.87%.

Institutional Trading of Kimco Realty

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in shares of Kimco Realty during the first quarter worth $10,537,000. Advisors Capital Management LLC boosted its holdings in Kimco Realty by 1.0% during the 1st quarter. Advisors Capital Management LLC now owns 174,605 shares of the real estate investment trust's stock valued at $3,709,000 after acquiring an additional 1,679 shares during the period. Acadian Asset Management LLC grew its position in Kimco Realty by 90.7% in the 1st quarter. Acadian Asset Management LLC now owns 301,320 shares of the real estate investment trust's stock valued at $6,399,000 after acquiring an additional 143,308 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Kimco Realty during the first quarter worth about $61,000. Finally, Focus Partners Wealth lifted its position in shares of Kimco Realty by 2.8% during the first quarter. Focus Partners Wealth now owns 101,773 shares of the real estate investment trust's stock worth $2,162,000 after purchasing an additional 2,807 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

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.