About Kimco Realty (NYSE:KIM)
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
Industry REAL ESTATE
Trailing P/E Ratio16.3793103448276
Forward P/E Ratio9.90
Sales & Book Value
Annual Sales$1.20 billion
Price / Sales5.05
Cash Flow$1.81 per share
Price / Cash7.87
Book Value$12.97 per share
Price / Book1.10
Net Income$426.07 million
Return on Equity7.85%
Return on Assets3.68%
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 announced a quarterly dividend on Tuesday, January 30th. Shareholders of record on Tuesday, April 3rd will be given a dividend of $0.28 per share on Monday, April 16th. This represents a $1.12 annualized dividend and a yield of 7.86%. The ex-dividend date is Monday, April 2nd. View Kimco Realty's Dividend History.
How will Kimco Realty's stock buyback program work?
Kimco Realty announced that its board has authorized a share repurchase program on Friday, February 16th 2018, which authorizes the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.
How were Kimco Realty's earnings last quarter?
Kimco Realty Corp (NYSE:KIM) announced its quarterly earnings results on Thursday, February, 15th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.38 by $0.21. The real estate investment trust earned $310.63 million during 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 revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. View Kimco Realty's Earnings History.
When will Kimco Realty make its next earnings announcement?
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 earnings per share estimate of $1.52.
Where is Kimco Realty's stock going? Where will Kimco Realty's stock price be in 2018?
16 analysts have issued twelve-month price targets for Kimco Realty's stock. Their forecasts range from $15.50 to $34.00. On average, they anticipate Kimco Realty's stock price to reach $19.52 in the next year. 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)
Are investors shorting Kimco Realty?
Kimco Realty saw a drop in short interest in February. As of February 15th, there was short interest totalling 13,335,713 shares, a drop of 21.1% from the January 31st total of 16,905,858 shares. Based on an average daily volume of 7,648,123 shares, the short-interest ratio is presently 1.7 days. Approximately 3.2% of the shares of the stock are short sold.
Who are some of Kimco Realty's key competitors?
Some companies that are related to Kimco Realty include Annaly Capital Management (NLY), Sino Land (SNLAY), Zillow Group (Z), HCP (HCP), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Regency Centers (REG), UDR (UDR), Land Securities Gp (LSGOF), Duke Realty (DRE), Iron Mountain Incorporated (Delaware) REIT (IRM), City Developments (CDEVY), SL Green Realty (SLG), British Land (BTLCY), Federal Realty Investment Trust (FRT), Segro (SEGXF), Macerich (MAC) and Jones Lang LaSalle (JLL).
Who are Kimco Realty's key executives?
Kimco Realty's management team includes the folowing people:
- Milton Cooper, Executive Chairman of the Board, Co-Founder (Age 88)
- Ross Cooper, President, Chief Investment Officer (Age 34)
- Conor C. Flynn, Chief Executive Officer, Director (Age 36)
- Glenn G. Cohen, Chief Financial Officer, Executive Vice President, Treasurer (Age 53)
- David Jamieson, Chief Operating Officer, Executive Vice President (Age 36)
- Richard G. Dooley, Lead Independent Director (Age 87)
- Philip E. Coviello Jr., Independent Director (Age 74)
- Joe Grills, Independent Director (Age 81)
- Mary Hogan Preusse, Independent Director (Age 48)
- Frank Lourenso, Independent Director (Age 76)
Has Kimco Realty been receiving favorable news coverage?
News articles about KIM stock have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimco Realty earned a media sentiment score of 0.11 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 46.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact 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 variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.81%), Bank of New York Mellon Corp (4.40%), PGGM Investments (2.51%), Geode Capital Management LLC (1.23%), Schwab Charles Investment Management Inc. (1.08%) and Goldman Sachs Group Inc. (1.00%). Company insiders that own Kimco Realty stock include Conor C Flynn, Frank Lourenso, Milton Cooper, Paul Westbrook and Philip E Coviello Jr. View Institutional Ownership Trends for Kimco Realty.
Which institutional investors are selling Kimco Realty stock?
KIM stock was sold by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, American Century Companies Inc., Victory Capital Management Inc., Macquarie Group Ltd., First Trust Advisors LP, PGGM Investments, Sei Investments Co. and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Kimco Realty.
Which institutional investors are buying Kimco Realty stock?
KIM stock was purchased by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Millennium Management LLC, Bank of New York Mellon Corp, Security Capital Research & Management Inc., Two Sigma Investments LP, Coronation Fund Managers Ltd., Private Management Group Inc. and Sumitomo Mitsui Asset Management Company 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 $14.25.
How big of a company is Kimco Realty?
Kimco Realty has a market capitalization of $6.19 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 $0.87 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 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.
Kimco Realty (NYSE:KIM) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.13||2.27||2.36||2.43|
|Ratings Breakdown: ||1 Sell Rating(s)|
12 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
11 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$19.52||$20.81||$22.75||$25.32|
|Price Target Upside: ||36.95% upside||41.84% upside||20.67% upside||24.73% upside|
Kimco Realty (NYSE:KIM) Consensus Price Target History
Kimco Realty (NYSE:KIM) Analyst Ratings History
(Data available from 3/20/2016 forward)
Kimco Realty (NYSE:KIM) Earnings History and Estimates Chart
Kimco Realty (NYSE KIM) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2018||Q4 2017||$0.38||$0.17||$297.92 million||$310.63 million||View||N/A|
|10/25/2017||Q3 2017||$0.37||$0.24||$295.34 million||$290.92 million||View||N/A|
|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|
|7/27/2016||Q2 2016||$0.38||$0.46||$288.76 million||$287.12 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|
|10/28/2014||Q3 2014||$0.35||$0.21||$252.29 million||$262.05 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|
Kimco Realty (NYSE:KIM) Earnings Estimates
2018 EPS Consensus Estimate: $1.45
2019 EPS Consensus Estimate: $1.47
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Kimco Realty (NYSE:KIM) Dividend Information
|Dividend Growth:||6.30% (3 Year Average)|
|Payout Ratio:||128.74% (Trailing 12 Months of Earnings) |
77.78% (Based on This Year's Estimates)
74.17% (Based on Next Year's Estimates)
|Track Record:||8 Years of Consecutive Dividend Growth|
Kimco Realty (NYSE:KIM) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Kimco Realty (NYSE KIM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 90.58%
Kimco Realty (NYSE KIM) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|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|| |
Kimco Realty (NYSE KIM) News Headlines
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, March, 20, 2018