Kimco Realty Corporation (NYSE:KIM) Receives Average Rating of "Moderate Buy" from Brokerages

Kimco Realty Corporation (NYSE:KIM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $24.68.

Several brokerages have recently issued reports on KIM. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Piper Sandler reduced their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company dropped their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Raymond James Financial lowered their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th.

Kimco Realty Stock Up 1.0%

Shares of NYSE:KIM opened at $21.04 on Friday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The stock's fifty day simple moving average is $20.88 and its 200-day simple moving average is $21.58. The company has a market capitalization of $14.23 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.44 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $520.68 million. During the same period in the prior year, the business earned $0.39 earnings per share. The business's revenue was up 965.3% on a year-over-year basis. As a group, equities research analysts forecast that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.75%. Kimco Realty's dividend payout ratio is presently 129.87%.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in Kimco Realty during the first quarter worth about $10,537,000. Advisors Capital Management LLC increased its stake in Kimco Realty by 1.0% during the first quarter. Advisors Capital Management LLC now owns 174,605 shares of the real estate investment trust's stock worth $3,709,000 after acquiring an additional 1,679 shares during the last quarter. Acadian Asset Management LLC increased its stake in Kimco Realty by 90.7% during the first quarter. Acadian Asset Management LLC now owns 301,320 shares of the real estate investment trust's stock worth $6,399,000 after acquiring an additional 143,308 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Kimco Realty during the first quarter worth about $61,000. Finally, Focus Partners Wealth increased its stake in 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 acquiring an additional 2,807 shares during the last quarter. 89.25% of the stock is currently 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.

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