News coverage about Kimco Realty (NYSE:KIM) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimco Realty earned a news impact score of 0.07 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.2420530873218 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Broward Commission to consider six major developments, including Walmart replacing a Kmart – South Florida Business Journal (bizjournals.com)
- Glowing Stock’s Review – Kimco Realty Corporation (NYSE: KIM) – Alpha Beta Stock (alphabetastock.com)
- Kimco Realty invites you to join its First Quarter Earnings Conference Call (markets.financialcontent.com)
- Santee movie theater deal falls through, but runner-up steps up (sandiegouniontribune.com)
- Aggressive Dispositions to Hurt Kimco (KIM): Time to Sell? (finance.yahoo.com)
Shares of Kimco Realty (NYSE KIM) traded down $0.09 during trading on Wednesday, reaching $14.59. The company had a trading volume of 4,345,318 shares, compared to its average volume of 5,984,300. Kimco Realty has a one year low of $13.70 and a one year high of $23.03. The company has a market cap of $6,180.00, a PE ratio of 22.32, a P/E/G ratio of 3.02 and a beta of 0.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.16.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, April 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 7.68%. Kimco Realty’s dividend payout ratio is presently 172.31%.
Kimco Realty announced that its board has approved a share buyback plan on Thursday, February 15th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of research firms have recently issued reports on KIM. Mizuho set a $20.00 price target on Kimco Realty and gave the stock a “hold” rating in a research note on Monday, December 18th. Robert W. Baird downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $20.00 in a research note on Monday, November 27th. Stifel Nicolaus began coverage on Kimco Realty in a research note on Thursday, November 30th. They issued a “hold” rating and a $19.50 price target on the stock. JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Friday, December 15th. Finally, Zacks Investment Research downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Kimco Realty presently has an average rating of “Hold” and an average price target of $19.48.
In other Kimco Realty news, Director Frank Lourenso sold 3,380 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $15.29, for a total transaction of $51,680.20. Following the sale, the director now directly owns 182,481 shares of the company’s stock, valued at $2,790,134.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by company insiders.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Kimco Realty (KIM) Stock Price” was reported by BBNS and is owned by of BBNS. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://baseballnewssource.com/2018/03/14/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-kimco-realty-kim-share-price/1927448.html.
About Kimco Realty
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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