Kimco Realty Corp. (NYSE: KIM) 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, 2017, the company owned interests in 492 U.S. shopping centers comprising 83 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 60 years. For further information, please visit www.kimcorealty.com, the company's blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:KIM
CUSIP49446R10
Phone516-869-9000
Debt
Debt-to-Equity Ratio0.09
Current Ratio0.09
Quick Ratio0.09
Price-To-Earnings
Trailing P/E Ratio11.23
Forward P/E Ratio12.00
P/E Growth3.44
Sales & Book Value
Annual Sales$1.20 billion
Price / Sales6.16
Cash Flow$1.9551 per share
Price / Cash8.90
Book Value$12.97 per share
Price / Book1.34
Profitability
EPS (Most Recent Fiscal Year)$1.55
Net Income$426.07 million
Net Margins40.74%
Return on Equity9.03%
Return on Assets4.25%
Miscellaneous
Employees546
Outstanding Shares424,900,000
Kimco Realty (NYSE:KIM) Frequently Asked Questions
What is Kimco Realty's stock symbol?
Kimco Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "KIM."
How often does Kimco Realty pay dividends? What is the dividend yield for Kimco Realty?
Kimco Realty declared a quarterly dividend on Friday, April 27th. Investors of record on Tuesday, July 3rd will be given a dividend of $0.28 per share on Monday, July 16th. This represents a $1.12 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Monday, July 2nd. View Kimco Realty's Dividend History.
How will Kimco Realty's stock buyback program work?
Kimco Realty announced that its board has initiated a stock repurchase program on Friday, February 16th 2018, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.
How were Kimco Realty's earnings last quarter?
Kimco Realty Corp (NYSE:KIM) announced its quarterly earnings results on Thursday, April, 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.06. The real estate investment trust earned $304.08 million during the quarter, compared to the consensus estimate of $298.97 million. Kimco Realty had a return on equity of 9.03% and a net margin of 40.74%. The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. View Kimco Realty's Earnings History.
When is Kimco Realty's next earnings date?
What guidance has Kimco Realty issued on next quarter's earnings?
Kimco Realty issued an update on its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share (EPS) guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44.
What price target have analysts set for KIM?
14 brokerages have issued 12 month target prices for Kimco Realty's shares. Their predictions range from $15.50 to $20.00. On average, they expect Kimco Realty's share price to reach $18.2727 in the next twelve months. View Analyst Ratings for Kimco Realty.
What are Wall Street analysts saying about Kimco Realty stock?
Here are some recent quotes from research analysts about Kimco Realty stock:
- 1. According to Zacks Investment Research, "Shares of Kimco have outperformed the industry it belongs to, in the past three months. Recently, the company delivered funds from operations (FFO) as adjusted of 37 cents per share for first-quarter 2018, surpassing the Zacks Consensus Estimate by a cent. An uptick in occupancy and lease spreads favored the results. Notably, Kimco’s portfolio of high-quality assets in premium locations will drive demand for its mall space. In line with its 2020 vision, the company disposed 21 shopping centers for $219.5 million in first-quarter and expects to be a net seller in 2018. While such efforts are encouraging for the long term, the dilutive effect on earnings from high disposition activity cannot be averted in near term. Further, decreasing footfall at malls amid shift of consumers toward online channels, store closures and bankruptcy of retailers are likely to hurt the performance of the company." (5/7/2018)
- 2. 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)
Who are some of Kimco Realty's key competitors?
Some companies that are related to Kimco Realty include AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Gecina (GECFF) and Alexandria Real Estate Equities (ARE).
Who are Kimco Realty's key executives?
Kimco Realty's management team includes the folowing people:
- Mr. Milton Cooper, Exec. Chairman (Age 89)
- Mr. Conor C. Flynn, CEO & Director (Age 37)
- Mr. Glenn Gary Cohen CPA, Exec. VP, CFO & Treasurer (Age 54)
- Mr. Ross Cooper, Pres & Chief Investment Officer (Age 35)
- Mr. David Jamieson, Exec. VP & COO (Age 37)
Has Kimco Realty been receiving favorable news coverage?
News coverage about KIM stock has been trending positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kimco Realty earned a daily sentiment score of 0.28 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 46.34 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Kimco Realty's major shareholders?
Kimco Realty's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.75%), JPMorgan Chase & Co. (3.87%), Northern Trust Corp (1.67%), Dimensional Fund Advisors LP (1.56%), Amundi Pioneer Asset Management Inc. (1.32%) and Centersquare Investment Management LLC (1.17%). Company insiders that own Kimco Realty stock include Frank Lourenso, Milton Cooper and Philip E Coviello Jr. View Institutional Ownership Trends for Kimco Realty.
Which major investors are selling Kimco Realty stock?
KIM stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., BlackRock Inc., Neuberger Berman Group LLC, Swiss National Bank, Timbercreek Investment Management Inc., Quantbot Technologies LP and Franklin Resources Inc.. View Insider Buying and Selling for Kimco Realty.
Which major investors are buying Kimco Realty stock?
KIM stock was bought by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Amundi Pioneer Asset Management Inc., Prudential Financial Inc., Newtyn Management LLC, Private Management Group Inc., Russell Investments Group Ltd., South Dakota Investment Council and Algebris UK Ltd. Company insiders that have bought Kimco Realty stock in the last two years include Milton Cooper and Philip E Coviello Jr. View Insider Buying and Selling for Kimco Realty.
How do I buy shares of Kimco Realty?
Shares of KIM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kimco Realty's stock price today?
One share of KIM stock can currently be purchased for approximately $17.40.
How big of a company is Kimco Realty?
Kimco Realty has a market capitalization of $6.99 billion and generates $1.20 billion in revenue each year. The real estate investment trust earns $426.07 million in net income (profit) each year or $1.55 on an earnings per share basis. Kimco Realty employs 546 workers across the globe.
How can I contact Kimco Realty?
Kimco Realty's mailing address is 3333 NEW HYDE PARK RD, NEW HYDE PARK NY, 11042. The real estate investment trust can be reached via phone at 516-869-9000 or via email at [email protected]
MarketBeat Community Rating for Kimco Realty (KIM)
MarketBeat's community ratings are surveys of what our community members think about Kimco Realty and other stocks. Vote "Outperform" if you believe KIM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KIM will underperform the S&P 500 over the long term. You may vote once every thirty days.
