Wall Street Zen upgraded shares of Kimco Realty (NYSE:KIM - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
A number of other equities research analysts also recently commented on KIM. Wells Fargo & Company decreased their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Raymond James decreased their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Kimco Realty has an average rating of "Moderate Buy" and a consensus price target of $24.68.
View Our Latest Stock Analysis on Kimco Realty
Kimco Realty Stock Down 1.0%
Shares of Kimco Realty stock traded down $0.22 during trading on Friday, hitting $20.80. 2,772,518 shares of the stock traded hands, compared to its average volume of 4,477,751. The firm has a market cap of $14.07 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 2.78 and a beta of 1.27. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The stock's fifty day simple moving average is $20.71 and its 200 day simple moving average is $21.82.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was up 965.3% compared to the same quarter last year. On average, equities analysts predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.81%. Kimco Realty's payout ratio is currently 129.87%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in Kimco Realty during the 4th quarter worth approximately $26,000. AlphaQuest LLC acquired a new stake in shares of Kimco Realty in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 911 shares during the period. Keystone Global Partners LLC acquired a new position in Kimco Realty during the first quarter worth $30,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.
About Kimco Realty
(
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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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