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

Shares of Kimco Realty Corporation (NYSE:KIM - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $24.70.

Several equities analysts have recently issued reports on KIM shares. Barclays assumed coverage on Kimco Realty in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 price objective for the company. Raymond James Financial cut their target price 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. Scotiabank cut their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler decreased their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th.

Kimco Realty Price Performance

Shares of KIM stock opened at $21.63 on Tuesday. 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 company has a market cap of $14.63 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.59 and a beta of 1.24. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83. The business has a fifty day simple moving average of $21.15 and a 200 day simple moving average of $21.24.

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, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The business's revenue was up 965.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, sell-side analysts forecast that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.62%. Kimco Realty's payout ratio is presently 129.87%.

Hedge Funds Weigh In On Kimco Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new position in Kimco Realty during the 4th quarter worth about $26,000. AlphaQuest LLC purchased a new position in shares of Kimco Realty in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC grew its stake in shares of Kimco Realty by 177.6% in the 1st 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 during the last quarter. Keystone Global Partners LLC acquired a new stake in shares of Kimco Realty in the 1st quarter valued at approximately $30,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors 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.

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