Kimco Realty Corporation (NYSE:KIM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Kimco Realty Corporation has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $24.85.
• The company announced a quarterly dividend of $0.25, resulting in a 4.7% yield, although its dividend payout ratio is over 120%.
• In its latest financial report, Kimco Realty reported earnings of $0.44 per share, exceeding analyst estimates and showing a 5.0% year-over-year revenue growth.

Shares of Kimco Realty Corporation (NYSE:KIM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.8462.

Several analysts have recently issued reports on KIM shares. Mizuho increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a "buy" rating and a $27.00 price objective on the stock. Barclays increased their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, Piper Sandler reduced their price objective on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th.

Kimco Realty Stock Up 0.5%

Shares of NYSE KIM opened at $21.48 on Friday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.56 and a beta of 1.30. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The business's 50 day moving average is $21.80 and its two-hundred day moving average is $21.21.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Research analysts predict that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty's dividend payout ratio is 120.48%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the transaction, the director owned 40,260 shares of the company's stock, valued at $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimco Realty

Several large investors have recently bought and sold shares of the business. Corient Private Wealth LLC increased its holdings in Kimco Realty by 114.0% in the second quarter. Corient Private Wealth LLC now owns 74,633 shares of the real estate investment trust's stock valued at $1,569,000 after buying an additional 39,752 shares during the last quarter. Caldwell Trust Co purchased a new position in Kimco Realty in the second quarter valued at $107,000. Osaic Holdings Inc. increased its holdings in Kimco Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 40,211 shares of the real estate investment trust's stock valued at $846,000 after buying an additional 23,497 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Kimco Realty by 37.0% in the second quarter. Thrivent Financial for Lutherans now owns 376,020 shares of the real estate investment trust's stock valued at $7,903,000 after buying an additional 101,597 shares during the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new position in Kimco Realty in the second quarter valued at $259,000. 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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