Truist Financial Trims Kimco Realty (NYSE:KIM) Target Price to $22.00

Kimco Realty (NYSE:KIM) had its target price reduced by Truist Financial from $23.00 to $22.00 in a report released on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on KIM. Robert W. Baird cut their price target on shares of Kimco Realty from $23.00 to $21.00 and set an outperform rating on the stock in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They set a hold rating and a $23.00 price target on the stock. Mizuho cut their price target on shares of Kimco Realty from $22.00 to $21.00 and set a buy rating on the stock in a report on Friday, February 23rd. Citigroup restated a neutral rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Bank of America restated a neutral rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of Hold and a consensus target price of $21.52.

Kimco Realty Stock Down 2.3 %

Shares of NYSE KIM opened at $18.57 on Monday. The stock has a market capitalization of $12.52 billion, a P/E ratio of 35.04, a P/E/G ratio of 3.69 and a beta of 1.46. The company has a 50-day moving average price of $18.79 and a 200-day moving average price of $19.60. Kimco Realty has a 1 year low of $16.34 and a 1 year high of $22.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 1.86.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is currently 181.14%.

Institutional Trading of Kimco Realty

Hedge funds and other institutional investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Kimco Realty in the third quarter valued at approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Kimco Realty during the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in Kimco Realty during the 4th quarter worth approximately $29,000. Finally, Criterion Capital Advisors LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $33,000. Institutional investors own 89.25% of the company’s stock.

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.