Kimco Realty Corp (NYSE:KIM) Given Consensus Rating of “Hold” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.52.

A number of analysts have weighed in on the company. Truist Financial cut their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Citigroup restated a “neutral” rating and issued a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Bank of America restated a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho cut their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, Robert W. Baird dropped their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th.

Kimco Realty Stock Up 0.5 %

Shares of NYSE KIM opened at $18.98 on Monday. Kimco Realty has a 12-month low of $16.34 and a 12-month high of $22.83. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. The stock has a market cap of $12.79 billion, a P/E ratio of 35.81, a PEG ratio of 3.67 and a beta of 1.50. The business’s fifty day simple moving average is $18.74 and its 200-day simple moving average is $19.59.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Thursday, June 6th. Kimco Realty’s dividend payout ratio is currently 181.14%.

Hedge Funds Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Kimco Realty during the fourth quarter worth about $27,000. Headlands Technologies LLC acquired a new stake in Kimco Realty in the fourth quarter valued at about $27,000. Principal Securities Inc. acquired a new stake in Kimco Realty in the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC acquired a new stake in Kimco Realty in the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 773 shares during the period. Hedge funds and other 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.