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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 Ratio0.09
Current Ratio0.09
Quick Ratio0.09
Price-To-Earnings
Trailing P/E Ratio9.67
Forward P/E Ratio10.34
P/E Growth3.09
Sales & Book Value
Annual Sales$1.20 billion
Price / Sales5.30
Cash Flow$1.8483 per share
Price / Cash8.11
Book Value$12.95 per share
Price / Book1.16
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 announced a quarterly dividend on Friday, April 27th. Shareholders 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 7.47%. The ex-dividend date is Monday, July 2nd. View Kimco Realty's Dividend History.
How will Kimco Realty's stock buyback program work?
Kimco Realty declared that its board has approved a stock buyback plan on Friday, February 16th 2018, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.
How were Kimco Realty's earnings last quarter?
Kimco Realty (NYSE:KIM) issued its earnings results on Thursday, April, 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate 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 net margin of 40.74% and a return on equity of 9.03%. Kimco Realty's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 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?
15 equities research analysts have issued 12-month price targets for Kimco Realty's stock. Their predictions range from $15.50 to $20.00. On average, they expect Kimco Realty's stock price to reach $18.3083 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)
Are investors shorting Kimco Realty?
Kimco Realty saw a increase in short interest during the month of April. As of April 30th, there was short interest totalling 16,849,306 shares, an increase of 19.4% from the April 13th total of 14,111,170 shares. Based on an average daily trading volume, of 4,830,479 shares, the short-interest ratio is currently 3.5 days. Approximately 4.1% of the shares of the stock are sold short.
Who are some of Kimco Realty's key competitors?
Some companies that are related to Kimco Realty include Equity Residential (EQR), AvalonBay Communities (AVB), UNIBAIL-RODAMCO/ADR (UNRDY), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels & 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 headlines about KIM stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kimco Realty earned a news sentiment score of 0.08 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 47.22 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Kimco Realty's major shareholders?
Kimco Realty's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 institutional 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 institutional investors are buying Kimco Realty stock?
KIM stock was acquired 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 $14.99.
How big of a company is Kimco Realty?
Kimco Realty has a market capitalization of $6.37 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.
15 Wall Street analysts have issued ratings and price targets for Kimco Realty in the last 12 months. Their average twelve-month price target is $18.3083, suggesting that the stock has a possible upside of 22.14%. The high price target for KIM is $20.00 and the low price target for KIM is $15.50. There are currently 1 sell rating, 12 hold ratings and 2 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 | Hold |
| Consensus Rating Score: | 2.07 | 2.13 | 2.27 | 2.43 |
| Ratings Breakdown: | 1 Sell Rating(s)
12 Hold Rating(s)
2 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)
11 Hold Rating(s)
4 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: | $18.3083 | $19.5154 | $19.9333 | $23.37 |
| Price Target Upside: | 22.14% upside | 33.30% upside | 30.62% upside | 24.31% upside |
Kimco Realty (NYSE:KIM) Consensus Price Target History
Kimco Realty (NYSE:KIM) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Kimco Realty (NYSE:KIM) Dividend Information
Kimco Realty pays an annual dividend of $1.12 per share, with a dividend yield of 7.47%. KIM's next quarterly dividend payment will be made on Monday, July 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.
| Next Dividend: | 7/16/2018 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 7.47% |
| Dividend Growth: | 6.30% (3 Year Average) |
| Payout Ratio(s): | 72.26% (Trailing 12 Months of Earnings)
77.24% (Based on This Year's Estimates)
75.68% (Based on Next Year's Estimates)
60.60% (Based on Cash Flow)
|
| 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 |
|---|
| 4/27/2018 | quarterly | $0.28 | 7.62% | 7/2/2018 | 7/3/2018 | 7/16/2018 |
| 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: 87.34%
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 Sunday, May, 27, 2018
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