Kimco Realty Corporation Company Profile (NYSE:KIM)

Kimco Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "KIM."

Kimco Realty Corporation announced a quarterly dividend on Thursday, July 27th. Investors of record on Wednesday, October 4th will be given a dividend of $0.27 per share on Monday, October 16th. This represents a $1.08 annualized dividend and a yield of 5.49%. The ex-dividend date is Tuesday, October 3rd. View Kimco Realty Corporation's Dividend History.

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 the Thomson Reuters' consensus estimate of $0.38 by $0.07. The business had revenue of $292.84 million for 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 previous year, the business posted $0.37 earnings per share. View Kimco Realty Corporation's Earnings History.

Kimco Realty Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Kimco Realty Corporation.

Kimco Realty Corporation issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $1.50 - $1.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.52.

15 equities research analysts have issued 12-month price targets for Kimco Realty Corporation's shares. Their forecasts range from $18.70 to $34.00. On average, they anticipate Kimco Realty Corporation's share price to reach $26.75 in the next twelve months. View Analyst Ratings for Kimco Realty Corporation.

Here are some recent quotes from research analysts about Kimco Realty Corporation stock:

• 1. 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)
• 2. Boenning Scattergood analysts commented, "Weaker SS NOI, but Strong Releasing Spreads – The company posted weaker SS NOI growth of 30 bps as Sports Authority dragged down growth by 210 bps. The company increased occupancy by 20 bps to 95.5% while average releasing spreads were a strong 10.4%. New lease spreads were 17.0%, but releasing costs appeared elevated at $55 per square foot. In addition, the spread between leased and occupied is about 100 bps higher than average, suggesting stronger occupancy gains in the second half of 2017. Acquisition of Jantzen Beach Increases Power Center Exposure – During the quarter, KIM acquired ‘A’ rated Jantzen Beach Center, a 746,000 square foot power center in Portland, OR just off the I-5 for $131.8 million. Investors have questioned the low 5% cap rate acquisition when KIM shares are trading at a large discount. In addition, while dominant with expansion opportunity, Jantzen increases KIM exposure to high anchor percentage power centers that historically had lower SS NOI growth." (7/28/2017)
• 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)

Kimco Realty Corporation saw a increase in short interest in the month of June. As of June 30th, there was short interest totalling 16,328,947 shares, an increase of 29.2% from the June 15th total of 12,635,758 shares. Based on an average daily trading volume, of 8,162,944 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.0% of the company's stock are sold short.

Some companies that are related to Kimco Realty Corporation include Regency Centers Corporation (REG), Macerich Company (The) (MAC), Brixmor Property Group (BRX), National Retail Properties (NNN), 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), Washington Prime Group (WPG), Four Corners Property Trust (FCPT) and Agree Realty Corporation (ADC).

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

Kimco Realty Corporation's stock is owned by many different of retail and institutional 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.

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.

Kimco Realty Corporation's stock was bought 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.

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.

One share of Kimco Realty Corporation stock can currently be purchased for approximately $19.67.