Kimco Realty Corp (NYSE:KIM) Given Average Recommendation of “Hold” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have received a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $24.84.

A number of brokerages have issued reports on KIM. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. The Goldman Sachs Group raised their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Scotiabank upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Finally, Mizuho raised their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty in the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty in the third quarter worth $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the third quarter valued at $37,000. Quarry LP acquired a new position in Kimco Realty during the third quarter valued at $51,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Kimco Realty by 378.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 3,144 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.4 %

KIM stock opened at $22.06 on Friday. The stock has a market cap of $14.87 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 3.22 and a beta of 1.51. The firm’s 50-day simple moving average is $24.30 and its 200 day simple moving average is $22.97. Kimco Realty has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. As a group, sell-side analysts predict that Kimco Realty will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. Kimco Realty’s dividend payout ratio is currently 181.82%.

Kimco Realty Company Profile

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.