Kimco Realty Corp (NYSE:KIM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have received an average recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.84.

Several research firms have recently weighed in on KIM. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a research report on Thursday. Compass Point boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Mizuho lifted their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $22.97 on Friday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $24.44 and a two-hundred day simple moving average of $22.85. Kimco Realty has a 1-year low of $17.57 and a 1-year high of $25.83. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 41.76, a price-to-earnings-growth ratio of 3.22 and a beta of 1.50.

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

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty’s dividend payout ratio is presently 181.82%.

Institutional Trading of Kimco Realty

A number of hedge funds have recently bought and sold shares of KIM. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty during the third quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Kimco Realty in the 3rd quarter worth $31,000. Brooklyn Investment Group bought a new stake in Kimco Realty in the third quarter worth $37,000. Quarry LP purchased a new stake in Kimco Realty during the third quarter valued at about $51,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Kimco Realty by 378.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,144 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

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.