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

Kimco Realty Corp (NYSE:KIM) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.48.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Bank of America restated a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Mizuho reduced their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Robert W. Baird dropped their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Finally, Citigroup reaffirmed a “neutral” rating and set a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd.

Kimco Realty Stock Performance

KIM opened at $19.10 on Friday. The firm has a market capitalization of $12.88 billion, a PE ratio of 36.04, a PEG ratio of 4.29 and a beta of 1.46. The company has a current ratio of 1.86, a quick ratio of 5.05 and a debt-to-equity ratio of 0.71. Kimco Realty has a twelve month low of $16.34 and a twelve month high of $22.83. The firm’s 50-day moving average price is $18.90 and its 200 day moving average price is $19.45.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 5.03%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Insiders Place Their Bets

In related news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Kimco Realty

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in shares of Kimco Realty by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock worth $4,406,000 after acquiring an additional 91,161 shares during the period. Duff & Phelps Investment Management Co. grew its position in shares of Kimco Realty by 2.9% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 342,244 shares of the real estate investment trust’s stock valued at $7,293,000 after buying an additional 9,500 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Kimco Realty by 7.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 161,654 shares of the real estate investment trust’s stock valued at $3,445,000 after acquiring an additional 10,917 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in Kimco Realty in the fourth quarter valued at $8,217,000. Finally, Russell Investments Group Ltd. boosted its stake in Kimco Realty by 4.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,190,198 shares of the real estate investment trust’s stock valued at $68,184,000 after acquiring an additional 123,687 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

About Kimco Realty

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.