Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Kimco Realty (KIM) Stock Price

Media coverage about Kimco Realty (NYSE:KIM) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimco Realty earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.2420530873218 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s rankings:

Kimco Realty stock traded up $0.17 during mid-day trading on Thursday, hitting $14.31. 1,686,946 shares of the stock traded hands, compared to its average volume of 5,762,251. The stock has a market cap of $6,028.70, a price-to-earnings ratio of 16.25, a P/E/G ratio of 2.91 and a beta of 0.50. Kimco Realty has a twelve month low of $13.70 and a twelve month high of $23.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.09 and a current ratio of 0.09.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.21). Kimco Realty had a net margin of 35.48% and a return on equity of 7.85%. The company had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $297.92 million. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. research analysts expect that Kimco Realty will post 1.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders 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 dividend yield of 7.83%. Kimco Realty’s dividend payout ratio is currently 128.74%.

Kimco Realty announced that its Board of Directors has initiated a share buyback program on Thursday, February 15th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several analysts recently commented on KIM shares. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Friday, December 15th. Bank of America downgraded Kimco Realty from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Friday, February 16th. ValuEngine downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Mizuho set a $20.00 target price on Kimco Realty and gave the stock a “hold” rating in a report on Monday, December 18th. Finally, Zacks Investment Research cut 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, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.52.

In other news, Director Frank Lourenso sold 3,380 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $15.29, for a total transaction of $51,680.20. Following the completion of the sale, the director now owns 182,481 shares in the company, valued at approximately $2,790,134.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by company insiders.

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Kimco Realty Company Profile

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.

Insider Buying and Selling by Quarter for Kimco Realty (NYSE:KIM)

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