Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada. As of March 31, 2017, the Company had 380 other property interests, primarily through the Company's preferred equity investments and other real estate investments, totaling 5.8 million square feet of GLA.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:KIM
- CUSIP: 49446R10
- Web: www.kimcorealty.com
- Market Cap: $8.1637 billion
- Outstanding Shares: 425,636,000
- 50 Day Moving Avg: $19.97
- 200 Day Moving Avg: $20.01
- 52 Week Range: $17.02 - $30.24
Sales & Book Value:
- Trailing P/E Ratio: 39.868
- Foreward P/E Ratio: 11.99
- P/E Growth: 4.950
- Annual Revenue: $1.17 billion
- Price / Sales: 6.98
- Book Value: $12.29 per share
- Price / Book: 1.56
- Annual Dividend: $1.08
- Dividend Yield: 5.6%
- EBIDTA: $764.78 million
- Net Margins: 21.77%
- Return on Equity: 4.68%
- Return on Assets: 2.23%
- Debt-to-Equity Ratio: 0.16%
- Current Ratio: 0.08%
- Quick Ratio: 0.08%
- Average Volume: 4.70 million shs.
- Beta: 0.67
- Short Ratio: 2.05
Frequently Asked Questions for Kimco Realty Corporation (NYSE:KIM)
What is Kimco Realty Corporation's stock symbol?
Kimco Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "KIM."
How often does Kimco Realty Corporation pay dividends? What is the dividend yield for Kimco Realty Corporation?
Kimco Realty Corporation announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.27 per share on Monday, October 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend is Tuesday, October 3rd. View Kimco Realty Corporation's Dividend History.
How were Kimco Realty Corporation's earnings last quarter?
Kimco Realty Corporation (NYSE:KIM) announced its earnings results on Wednesday, July, 26th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $0.07. The firm earned $292.84 million during the quarter, compared to analyst estimates of $290.95 million. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. Kimco Realty Corporation's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. View Kimco Realty Corporation's Earnings History.
When will Kimco Realty Corporation make its next earnings announcement?
What guidance has Kimco Realty Corporation issued on next quarter's earnings?
Kimco Realty Corporation updated its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $1.50 - $1.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.52.
Where is Kimco Realty Corporation's stock going? Where will Kimco Realty Corporation's stock price be in 2017?
14 equities research analysts have issued 12 month price objectives for Kimco Realty Corporation's shares. Their predictions range from $18.70 to $34.00. On average, they expect Kimco Realty Corporation's stock price to reach $25.32 in the next twelve months. View Analyst Ratings for Kimco Realty Corporation.
What are analysts saying about Kimco Realty Corporation stock?
Here are some recent quotes from research analysts about Kimco Realty Corporation stock:
- 1. Boenning Scattergood analysts commented, "We are tweaking our KIM 2018 operating FFO per share estimate to adjust for anticipated recurring income from other real estate investments, assuming the company receives no distributions from its investment in grocer Albertsons in 2018." (8/18/2017)
- 2. According to Zacks Investment Research, "Kimco’s second-quarter 2017 adjusted FFO came per share came in line with the Zacks Consensus Estimate. In addition, the company has reported growth in revenues. Further, the company remains on track with the strategic 2020 Vision, which envisages the ownership of premium assets in major metro markets in the U.S., as well as a reduction in the joint-venture portfolio. Also, the company is aiming to enhance its small shops portfolio. These shops comprise service-based industries, enjoy frequent customer traffic and are internet resistant. However, decreasing footfall at malls amid shift of consumers toward online channels, store closures and bankruptcy of retailers are likely to continue to hurt performance of this retail REIT. Also, rate hike and dilutive impact of asset sales add to its woes. Further, Kimco’s shares have underperformed the industry it belongs to, year to date." (8/1/2017)
- 3. Canaccord Genuity analysts commented, "We view Kimco’s stock as oversold amid the negative sector headwinds and reiterate our BUY rating." (4/27/2017)
Who are some of Kimco Realty Corporation's key competitors?
Some companies that are related to Kimco Realty Corporation include Regency Centers Corporation (REG), Macerich Company (The) (MAC), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Washington Prime Group (WPG) and Agree Realty Corporation (ADC).
Who are Kimco Realty Corporation's key executives?
Kimco Realty Corporation's management team includes the folowing people:
- Milton Cooper, Executive Chairman of the Board, Co-Founder
- Ross Cooper, President, Chief Investment Officer
- Conor C. Flynn, Chief Executive Officer, Director
- Glenn G. Cohen, Chief Financial Officer, Executive Vice President, Treasurer
- David Jamieson, Chief Operating Officer, Executive Vice President
- Richard G. Dooley, Lead Independent Director
- Philip E. Coviello Jr., Independent Director
- Joe Grills, Independent Director
- Mary Hogan Preusse, Independent Director
- Frank Lourenso, Independent Director
Who owns Kimco Realty Corporation stock?
Kimco Realty Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (17.04%), BlackRock Inc. (9.72%), State Street Corp (5.92%), JPMorgan Chase & Co. (5.89%), Bank of New York Mellon Corp (4.23%) and FMR LLC (2.87%). Company insiders that own Kimco Realty Corporation stock include Conor C Flynn, Frank Lourenso, Glenn Gary Cohen, Milton Cooper, Paul Westbrook and Philip E Coviello Jr. View Institutional Ownership Trends for Kimco Realty Corporation.
Who sold Kimco Realty Corporation stock? Who is selling Kimco Realty Corporation stock?
Kimco Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., APG Asset Management N.V., Boston Partners, Los Angeles Capital Management & Equity Research Inc., Capital Fund Management S.A., Clinton Group Inc., State Street Corp and KBC Group NV. View Insider Buying and Selling for Kimco Realty Corporation.
Who bought Kimco Realty Corporation stock? Who is buying Kimco Realty Corporation stock?
Kimco Realty Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, FMR LLC, BlackRock Inc., Commonwealth Bank of Australia, State of New Jersey Common Pension Fund D, First Trust Advisors LP, Marshall Wace North America L.P. and Goldman Sachs Group Inc.. Company insiders that have bought Kimco Realty Corporation stock in the last two years include Milton Cooper and Philip E Coviello Jr. View Insider Buying and Selling for Kimco Realty Corporation.
How do I buy Kimco Realty Corporation stock?
Shares of Kimco Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kimco Realty Corporation's stock price today?
MarketBeat Community Rating for Kimco Realty Corporation (NYSE KIM)MarketBeat's community ratings are surveys of what our community members think about Kimco Realty Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Kimco Realty Corporation stock can currently be purchased for approximately $19.18.
Consensus Ratings for Kimco Realty Corporation (NYSE:KIM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$25.32 (32.01% upside)|
Analysts' Ratings History for Kimco Realty Corporation (NYSE:KIM)
(Data available from 9/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/11/2017||BMO Capital Markets||Initiated Coverage||Market Perform||$21.00||Medium|
|8/28/2017||Argus||Downgrade||Buy -> Hold||Medium|
|8/18/2017||Boenning Scattergood||Reiterated Rating||Hold||Medium|
|8/14/2017||Citigroup Inc.||Boost Price Target||Neutral||$19.50 -> $21.00||Low|
|8/4/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$25.00||Medium|
|7/10/2017||Barclays PLC||Reiterated Rating||Overweight||$22.00 -> $23.00||Low|
|6/20/2017||Goldman Sachs Group Inc||Upgrade||Sell -> Neutral||$18.70||Medium|
|4/27/2017||Canaccord Genuity||Reiterated Rating||Buy||$34.00||Medium|
|3/13/2017||Robert W. Baird||Upgrade||Neutral -> Outperform||$29.00 -> $25.00||Medium|
|3/3/2017||Evercore ISI||Upgrade||Hold -> Outperform||N/A|
|1/9/2017||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||$28.00||N/A|
|12/16/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$30.00 -> $27.50||N/A|
|11/30/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|10/3/2016||Stifel Nicolaus||Downgrade||Buy -> Hold||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Buy||$34.00||N/A|
|8/17/2016||Deutsche Bank AG||Boost Price Target||Hold||$27.00 -> $28.00||N/A|
|10/9/2015||Cowen and Company||Reiterated Rating||Outperform||$24.50 -> $28.00||N/A|
Earnings History for Kimco Realty Corporation (NYSE:KIM)Earnings History by Quarter for Kimco Realty Corporation (NYSE KIM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.38||$0.31||$290.95 million||$292.84 million||View||N/A|
|4/26/2017||Q1 2017||$0.37||$0.37||$291.46 million||$293.60 million||View||N/A|
|2/2/2017||Q416||$0.38||$0.16||$288.40 million||$297.00 million||View||Listen|
|10/27/2016||Q316||$0.17||$0.18||$288.31 million||$285.08 million||View||N/A|
|4/27/2016||Q116||$0.37||$0.38||$292.80 million||$297.20 million||View||N/A|
|2/2/2016||Q415||$0.35||$0.37||$286.57 million||$300.90 million||View||N/A|
|11/4/2015||Q315||$0.37||$0.36||$286.40 million||$288.32 million||View||N/A|
|7/28/2015||Q215||$0.42||$0.44||$281.89 million||$289.10 million||View||Listen|
|5/6/2015||Q115||$0.35||$0.36||$262.00 million||$283.50 million||View||N/A|
|2/5/2015||Q414||$0.35||$0.35||$256.60 million||$264.51 million||View||N/A|
|7/29/2014||Q214||$0.34||$0.35||$240.85 million||$260.24 million||View||N/A|
|5/7/2014||Q114||$0.34||$0.34||$237.42 million||$246.90 million||View||N/A|
|2/4/2014||Q413||$0.33||$0.33||$238.02 million||$247.62 million||View||N/A|
|10/29/2013||Q313||$0.33||$0.33||$236.90 million||$241.50 million||View||N/A|
|7/30/2013||Q213||$0.33||$0.35||$240.37 million||$246.12 million||View||N/A|
|5/1/2013||Q113||$0.32||$0.33||$225.61 million||$241.20 million||View||N/A|
|2/5/2013||Q412||$0.32||$0.33||$227.24 million||$239.50 million||View||N/A|
|10/30/2012||Q312||$0.31||$0.31||$227.10 million||$231.88 million||View||N/A|
Earnings Estimates for Kimco Realty Corporation (NYSE:KIM)
2017 EPS Consensus Estimate: $1.53
2018 EPS Consensus Estimate: $1.58
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Kimco Realty Corporation (NYSE:KIM)
|Dividend Growth:||6.70% (3 Year Average)|
|Payout Ratio:||220.41% (Trailing 12 Months of Earnings) |
70.59% (Based on This Year's Estimates)
67.50% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Kimco Realty Corporation (NYSE KIM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Kimco Realty Corporation (NYSE:KIM)
Insider Ownership Percentage: 2.90%Insider Trades by Quarter for Kimco Realty Corporation (NYSE:KIM)
Institutional Ownership Percentage: 89.05%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/5/2017||Philip E Coviello Jr||Director||Buy||20,000||$17.37||$347,400.00|| |
|5/9/2017||Philip E Coviello Jr||Director||Buy||7,500||$19.44||$145,800.00|| |
|2/15/2017||Milton Cooper||Chairman||Buy||5,000||$24.07||$120,350.00|| |
|2/13/2017||Frank Lourenso||Director||Sell||6,389||$25.06||$160,108.34|| |
|8/8/2016||Philip E Coviello Jr||Director||Buy||1,000||$31.17||$31,170.00|| |
|5/9/2016||Conor C Flynn||CEO||Sell||58,300||$29.72||$1,732,676.00|| |
|3/29/2016||Paul Westbrook||VP||Sell||7,429||$28.48||$211,577.92|| |
|3/17/2016||Glenn Gary Cohen||CFO||Sell||23,300||$28.42||$662,186.00|| |
|2/16/2016||Frank Lourenso||Director||Sell||6,099||$26.49||$161,562.51|| |
|3/16/2015||Paul Westbrook||CAO||Sell||7,571||$26.50||$200,631.50|| |
|2/18/2015||Frank Lourenso||Director||Sell||5,843||$26.60||$155,423.80|| |
|11/4/2014||F Patrick Hughes||Director||Sell||21,500||$25.13||$540,295.00|| |
|10/24/2014||David Henry||CEO||Sell||43,600||$24.00||$1,046,400.00|| |
|8/18/2014||Glenn Gary Cohen||CFO||Sell||10,900||$23.08||$251,572.00|| |
|8/8/2014||Milton Cooper||Chairman||Buy||50,000||$22.22||$1,111,000.00|| |
|5/12/2014||Paul Westbrook||CAO||Sell||3,750||$22.77||$85,387.50|| |
|3/19/2014||Frank Lourenso||Director||Sell||1,250||$21.97||$27,462.50|| |
|3/11/2014||Frank Lourenso||Director||Sell||4,125||$21.92||$90,420.00|| |
|6/28/2013||Conor C Flynn||COO||Sell||2,000||$21.53||$43,060.00|| |
|5/17/2013||Michael V Pappagallo||COO||Sell||217,525||$24.32||$5,290,208.00|| |
|8/10/2012||Frank Lourenso||Director||Sell||1,375||$19.40||$26,675.00|| |
Headline Trends for Kimco Realty Corporation (NYSE:KIM)
Latest Headlines for Kimco Realty Corporation (NYSE:KIM)
Kimco Realty Corporation (KIM) Chart for Tuesday, September, 26, 2017