Kimco Realty (NYSE:KIM - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.730-1.750 for the period, compared to the consensus estimate of 1.728. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KIM. Scotiabank reduced their price target 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. Barclays started coverage on shares of 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 dropped their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Piper Sandler dropped their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday. Ten investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus target price of $24.70.
Get Our Latest Stock Analysis on Kimco Realty
Kimco Realty Trading Up 0.9%
Kimco Realty stock traded up $0.19 during mid-day trading on Monday, hitting $20.93. 287,100 shares of the stock were exchanged, compared to its average volume of 4,866,975. The company has a quick ratio of 3.47, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty has a 12 month low of $17.93 and a 12 month high of $25.83. The firm's fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $21.22. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.51 and a beta of 1.31.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Analysts forecast that Kimco Realty will post 1.71 EPS for the current year.
Kimco Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. Kimco Realty's payout ratio is currently 120.48%.
Institutional Trading of Kimco Realty
Several hedge funds have recently modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock valued at $2,351,000 after acquiring an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust's stock valued at $13,593,000 after acquiring an additional 38,554 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Kimco Realty in the 1st quarter valued at $61,000. Institutional investors own 89.25% of the company's stock.
About Kimco Realty
(
Get Free Report)
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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