Brokerages Set Kimco Realty Corp (NYSE:KIM) Target Price at $21.89

Kimco Realty Corp (NYSE:KIM - Get Free Report) has earned an average recommendation of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $21.89.

Several analysts recently issued reports on KIM shares. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They issued a "hold" rating and a $23.00 price target on the stock. Mizuho dropped their price target on shares of Kimco Realty from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. TheStreet upgraded shares of Kimco Realty from a "c+" rating to a "b-" rating in a report on Thursday, December 7th. Piper Sandler raised their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, December 20th. Finally, Citigroup restated a "neutral" rating and issued a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd.

Kimco Realty Stock Performance

NYSE KIM traded down $0.13 during trading hours on Wednesday, reaching $18.76. The company's stock had a trading volume of 4,369,923 shares, compared to its average volume of 5,733,368. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The business has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $19.30. Kimco Realty has a 52 week low of $16.34 and a 52 week high of $22.83. The stock has a market cap of $12.65 billion, a PE ratio of 18.39, a PEG ratio of 3.70 and a beta of 1.45.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Wednesday, March 6th. Kimco Realty's dividend payout ratio is presently 94.12%.

Insider Buying and Selling

In other news, Director Frank Lourenso sold 8,890 shares of the company's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the sale, the director now directly owns 203,534 shares of the company's stock, valued at $3,952,630.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KIM. Cohen & Steers Inc. grew its position in Kimco Realty by 38.9% during the 2nd quarter. Cohen & Steers Inc. now owns 45,470,768 shares of the real estate investment trust's stock worth $896,676,000 after purchasing an additional 12,742,963 shares in the last quarter. Norges Bank acquired a new stake in shares of Kimco Realty in the fourth quarter worth $239,184,000. State Street Corp grew its holdings in shares of Kimco Realty by 19.2% during the first quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust's stock valued at $1,092,250,000 after buying an additional 7,126,475 shares in the last quarter. JPMorgan Chase & Co. raised its position in Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust's stock valued at $547,401,000 after buying an additional 5,894,446 shares during the period. Finally, Invesco Ltd. lifted its stake in Kimco Realty by 31.2% in the 3rd quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust's stock worth $324,847,000 after acquiring an additional 4,393,084 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.