Kimco Realty Corp (NYSE:KIM) Receives $21.48 Average Target Price from Analysts

Kimco Realty Corp (NYSE:KIM - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $21.48.

Several research analysts have recently issued reports on the company. Bank of America reaffirmed a "neutral" rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird cut their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Thursday, April 4th. Citigroup restated a "neutral" rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They issued a "hold" rating and a $23.00 target price on the stock. Finally, Mizuho reduced their price target on shares of Kimco Realty from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, February 23rd.

Kimco Realty Stock Down 0.2 %

Shares of KIM stock traded down $0.04 on Friday, reaching $18.38. 2,312,018 shares of the stock were exchanged, compared to its average volume of 4,619,416. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 4.15 and a beta of 1.45. The business's 50 day moving average price is $18.99 and its 200 day moving average price is $19.41. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. Kimco Realty has a twelve month low of $16.34 and a twelve month high of $22.83.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.22%. The ex-dividend date was Wednesday, March 6th. Kimco Realty's dividend payout ratio (DPR) is presently 94.12%.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimco Realty

Large investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its position in Kimco Realty by 6.6% during the 1st quarter. Yousif Capital Management LLC now owns 113,282 shares of the real estate investment trust's stock worth $2,221,000 after purchasing an additional 7,051 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Kimco Realty by 10.5% in the first quarter. New York State Teachers Retirement System now owns 785,712 shares of the real estate investment trust's stock valued at $15,408,000 after buying an additional 74,663 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Kimco Realty by 22.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 425,074 shares of the real estate investment trust's stock worth $8,336,000 after acquiring an additional 78,600 shares in the last quarter. Grace & White Inc. NY lifted its holdings in Kimco Realty by 1.9% in the first quarter. Grace & White Inc. NY now owns 348,478 shares of the real estate investment trust's stock valued at $6,834,000 after acquiring an additional 6,600 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in Kimco Realty in the first quarter valued at $585,000. 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.