Kimco Realty Corporation (NYSE:KIM) Receives $24.68 Average Price Target from Brokerages

Kimco Realty Corporation (NYSE:KIM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.68.

A number of equities analysts have issued reports on KIM shares. Piper Sandler cut their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Raymond James Financial dropped their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Finally, Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Compound Planning Inc. raised its position in Kimco Realty by 3.4% in the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock valued at $313,000 after buying an additional 485 shares during the last quarter. Keybank National Association OH grew its stake in shares of Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 496 shares in the last quarter. GF Fund Management CO. LTD. raised its holdings in shares of Kimco Realty by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 517 shares during the last quarter. Global Assets Advisory LLC raised its holdings in shares of Kimco Realty by 5.4% in the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 528 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Kimco Realty by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock valued at $1,239,000 after purchasing an additional 530 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Up 0.5%

KIM traded up $0.10 during trading on Friday, reaching $21.03. 5,163,931 shares of the stock traded hands, compared to its average volume of 4,491,426. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The stock's 50-day moving average is $20.91 and its 200 day moving average is $21.46. Kimco Realty has a 12 month low of $17.93 and a 12 month high of $25.83. The stock has a market capitalization of $14.23 billion, a PE ratio of 27.31, a P/E/G ratio of 1.45 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data 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. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The company had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. During the same period in the previous year, the business earned $0.39 EPS. The firm's revenue was up 965.3% compared to the same quarter last year. Equities analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

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.