About Kimco Realty (NYSE:KIM)
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 Ratio0.16%
Current Ratio0.09%
Quick Ratio0.09%
Price-To-Earnings
Trailing P/E Ratio8.83
Forward P/E Ratio9.28
P/E Growth2.74
Sales & Book Value
Annual Sales$1.20 billion
Price / Sales4.73
Cash Flow$1.8530 per share
Price / Cash7.21
Book Value$12.97 per share
Price / Book1.03
Profitability
EPS (Most Recent Fiscal Year)$1.55
Net Income$426.07 million
Net Margins35.48%
Return on Equity7.85%
Return on Assets3.68%
Miscellaneous
Employees546
Outstanding Shares425,450,000
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 Tuesday, January 30th. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.28 per share on Monday, April 16th. This represents a $1.12 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend is Monday, April 2nd. View Kimco Realty's Dividend History.
How will Kimco Realty's stock buyback program work?
Kimco Realty declared that its board has initiated a stock buyback plan on Friday, February 16th 2018, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.
How were Kimco Realty's earnings last quarter?
Kimco Realty (NYSE:KIM) posted its quarterly earnings data on Thursday, February, 15th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.21. The real estate investment trust had revenue of $310.63 million for the quarter, compared to analyst estimates of $297.92 million. Kimco Realty had a net margin of 35.48% and a return on equity of 7.85%. Kimco Realty's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 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, February, 15th. The company provided earnings per share (EPS) guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.52.
What price target have analysts set for KIM?
16 Wall Street analysts have issued 12 month price targets for Kimco Realty's shares. Their forecasts range from $15.50 to $34.00. On average, they anticipate Kimco Realty's stock price to reach $19.5154 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 Realty have underperformed the industry it belongs to, in the past three months. Moreover, the stock has seen the Zacks Consensus Estimate for full-year 2017 funds from operations (FFO) per share being revised downward in a month’s time. Notably, decreasing footfall at malls amid shift of consumers toward online channels, store closures and bankruptcy of retailers are likely to hurt the performance of this retail REIT. Also, the dilutive impact on earnings from sale of assets cannot be bypassed in the near term. However, its redevelopment and development efforts, non-core asset dispositions and measures to enhance small shops portfolio have capacity to drive long-term growth." (1/2/2018)
- 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)
- 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's key competitors?
Some companies that are related to Kimco Realty include AvalonBay Communities (AVB), Equity Residential (EQR), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Boston Properties (BXP), Ventas (VTR), Essex Property Trust (ESS), Host Marriott L P (HST), Realty Income (O), Kl�pierre (KLPEF), Gecina (GECFF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE) and Annaly Capital Management (NLY).
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?
Media coverage about KIM stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimco Realty earned a news impact score of 0.09 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 45.38 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
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 $13.36.
How big of a company is Kimco Realty?
Kimco Realty has a market capitalization of $5.67 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.
Kimco Realty (NYSE:KIM) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for Kimco Realty in the last 12 months. Their average twelve-month price target is $19.5154, suggesting that the stock has a possible upside of 46.07%. The high price target for KIM is $34.00 and the low price target for KIM is $15.50. There are currently 1 sell rating, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Buy |
| Consensus Rating Score: | 2.13 | 2.13 | 2.29 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
12 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
12 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $19.5154 | $19.5154 | $21.8364 | $24.4273 |
| Price Target Upside: | 46.07% upside | 36.95% upside | 33.07% upside | 32.11% upside |
Kimco Realty (NYSE:KIM) Consensus Price Target History
Kimco Realty (NYSE:KIM) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
Kimco Realty (NYSE:KIM) Dividend Information
Kimco Realty pays an annual dividend of $1.12 per share, with a dividend yield of 8.38%. KIM's most recent quarterly dividend payment was Monday, April 16. The company has grown its dividend for the last 8 consecutive years and is increasing its dividend by an average of 6.30% each year. Kimco Realty pays out 72.26% of its earnings out as a dividend.
| Most Recent Dividend: | 4/16/2018 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 8.38% |
| Dividend Growth: | 6.30% (3 Year Average) |
| Payout Ratio: | 72.26% (Trailing 12 Months of Earnings)
77.78% (Based on This Year's Estimates)
75.68% (Based on Next Year's Estimates)
|
| Track Record: | 8 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Kimco Realty (NYSE:KIM) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/30/2018 | Quarterly | $0.28 | 7.78% | 4/2/2018 | 4/3/2018 | 4/16/2018 |
| 10/26/2017 | quarterly | $0.28 | 6.11% | 12/29/2017 | 1/2/2018 | 1/16/2018 |
| 7/27/2017 | quarterly | $0.27 | 5.18% | 10/3/2017 | 10/4/2017 | 10/16/2017 |
| 4/27/2017 | quarterly | $0.27 | 5.22% | 7/3/2017 | 7/6/2017 | 7/17/2017 |
| 2/3/2017 | quarterly | $0.27 | 4.35% | 4/3/2017 | 4/5/2017 | 4/17/2017 |
| 10/28/2016 | quarterly | $0.27 | 4.1% | 12/29/2016 | 1/3/2017 | 1/17/2017 |
| 7/28/2016 | quarterly | $0.2550 | 3.2% | 10/3/2016 | 10/5/2016 | 10/17/2016 |
| 4/28/2016 | quarterly | $0.2550 | 3.59% | 7/1/2016 | 7/6/2016 | 7/15/2016 |
| 2/3/2016 | quarterly | $0.2550 | 3.68% | 4/1/2016 | 4/5/2016 | 4/15/2016 |
| 11/5/2015 | quarterly | $0.2550 | 3.79% | 12/30/2015 | 1/4/2016 | 1/15/2016 |
| 7/29/2015 | quarterly | $0.24 | 3.92% | 10/1/2015 | 10/5/2015 | 10/15/2015 |
| 5/7/2015 | quarterly | $0.24 | 3.96% | 7/1/2015 | 7/6/2015 | 7/15/2015 |
| 2/12/2015 | quarterly | $0.24 | 3.55% | 4/1/2015 | 4/6/2015 | 4/15/2015 |
| 12/4/2014 | quarterly | $0.24 | 3.77% | 12/30/2014 | 1/2/2015 | 1/15/2015 |
| 7/30/2014 | quarterly | $0.2250 | 3.93% | 10/1/2014 | 10/3/2014 | 10/15/2014 |
| 5/8/2014 | quarterly | $0.2250 | 3.93% | 7/1/2014 | 7/3/2014 | 7/15/2014 |
| 2/6/2014 | quarterly | $0.2250 | 4.34% | 4/1/2014 | 4/3/2014 | 4/15/2014 |
| 10/30/2013 | quarterly | $0.2250 | 4.16% | 12/30/2013 | 1/2/2014 | 1/15/2014 |
| 7/31/2013 | quarterly | $0.21 | 3.73% | 10/1/2013 | 10/3/2013 | 10/15/2013 |
| 5/2/2013 | quarterly | $0.21 | 3.48% | 7/1/2013 | 7/3/2013 | 7/15/2013 |
| 2/5/2013 | quarterly | $0.21 | 3.91% | 4/1/2013 | 4/3/2013 | 4/15/2013 |
(Data available from 1/1/2013 forward)
Kimco Realty (NYSE KIM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 89.72%
Kimco Realty (NYSE KIM) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/27/2018 | Frank Lourenso | Director | Sell | 3,380 | $15.29 | $51,680.20 | 182,481 |  |
| 12/4/2017 | Milton Cooper | Insider | Buy | 50,000 | $19.20 | $960,000.00 | | |
| 6/5/2017 | Philip E Coviello Jr | Director | Buy | 20,000 | $17.37 | $347,400.00 | 41,045 | |
| 5/9/2017 | Philip E Coviello Jr | Director | Buy | 7,500 | $19.44 | $145,800.00 | 41,045 | |
| 2/15/2017 | Milton Cooper | Chairman | Buy | 5,000 | $24.07 | $120,350.00 | 9,431,952 | |
| 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 | 447,826 | |
| 3/29/2016 | Paul Westbrook | VP | Sell | 7,429 | $28.48 | $211,577.92 | 67,671 | |
| 3/17/2016 | Glenn Gary Cohen | CFO | Sell | 23,300 | $28.42 | $662,186.00 | 222,742 | |
| 2/16/2016 | Frank Lourenso | Director | Sell | 6,099 | $26.49 | $161,562.51 | 166,687 | |
| 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 | 53,550 | |
| 3/19/2014 | Frank Lourenso | Director | Sell | 1,250 | $21.97 | $27,462.50 | 190,842 | |
| 3/11/2014 | Frank Lourenso | Director | Sell | 4,125 | $21.92 | $90,420.00 | 192,092 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Kimco Realty (NYSE KIM) News Headlines
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Kimco Realty (NYSE:KIM) SEC Filings
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Kimco Realty (NYSE:KIM) Income Statement, Balance Sheet and Cash Flow Statement
Kimco Realty (NYSE KIM) Stock Chart for Tuesday, April, 24, 2018
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