Kimco Realty Corp. 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, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
Kimco Realty Price Performance
Kimco Realty stock traded down $0.34 during midday trading on Wednesday, reaching $23.39. 2,419,163 shares of the stock were exchanged, compared to its average volume of 4,867,797. The company's fifty day moving average is $20.78 and its 200-day moving average is $22.88. The firm has a market cap of $14.47 billion, a PE ratio of 19.49, a PEG ratio of 2.30 and a beta of 1.39. Kimco Realty has a 52 week low of $18.52 and a 52 week high of $26.57. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 2.68.
Kimco Realty Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.88 annualized dividend and a yield of 3.76%. This is a boost from Kimco Realty's previous quarterly dividend of $0.20. Kimco Realty's dividend payout ratio is presently 66.67%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Kimco Realty in a report on Wednesday, June 22nd. They issued an "outperform" rating and a $22.00 target price on the stock. Barclays decreased their price target on shares of Kimco Realty from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Friday, July 15th. Compass Point decreased their price target on shares of Kimco Realty from $27.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, June 22nd. StockNews.com downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Monday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kimco Realty from $26.00 to $23.00 in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $24.69.