Kimco Realty (NYSE:KIM) Issues FY 2024 Earnings Guidance

Kimco Realty (NYSE:KIM - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.560-1.600 for the period, compared to the consensus estimate of 1.580. The company issued revenue guidance of -.

Kimco Realty Trading Up 0.8 %

Shares of NYSE KIM traded up $0.14 during midday trading on Friday, reaching $19.11. The stock had a trading volume of 6,729,038 shares, compared to its average volume of 5,508,528. Kimco Realty has a twelve month low of $16.34 and a twelve month high of $22.83. The company's 50 day moving average price is $18.90 and its 200 day moving average price is $19.43. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 4.17 and a beta of 1.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Thursday, June 6th. Kimco Realty's dividend payout ratio (DPR) is currently 94.12%.

Analysts Set New Price Targets

A number of research firms have weighed in on KIM. Citigroup reaffirmed a neutral rating and issued a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a hold rating and a $23.00 price objective for the company. Bank of America reaffirmed a neutral rating and set a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Mizuho decreased their price target on Kimco Realty from $22.00 to $21.00 and set a buy rating for the company in a report on Friday, February 23rd. Finally, 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $21.48.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the sale, the director now owns 203,534 shares of the company's stock, valued at approximately $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% 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.