Kimco Realty Corp (NYSE:KIM) Receives $24.14 Consensus Target Price from Analysts

Kimco Realty Corp (NYSE:KIM) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.14.

Several equities analysts recently commented on the stock. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Friday, August 16th. Evercore ISI upped their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. UBS Group raised their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Scotiabank lifted their price target on shares of Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th.

Institutional Trading of Kimco Realty

Several large investors have recently added to or reduced their stakes in KIM. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty during the third quarter worth $25,000. Brooklyn Investment Group purchased a new position in Kimco Realty in the 3rd quarter valued at $37,000. Blue Trust Inc. grew its holdings in shares of Kimco Realty by 613.5% during the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,816 shares in the last quarter. Quarry LP acquired a new position in shares of Kimco Realty during the 3rd quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 773 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM stock opened at $24.89 on Thursday. The company has a fifty day simple moving average of $23.77 and a two-hundred day simple moving average of $21.53. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.19. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $16.78 billion, a P/E ratio of 45.25, a price-to-earnings-growth ratio of 3.28 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The company had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. During the same quarter last year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts anticipate that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s payout ratio is currently 181.82%.

Kimco Realty Company Profile

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.