Shares of Kimco Realty Corp (NYSE:KIM) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.22.
KIM has been the topic of a number of analyst reports. Zacks Investment Research downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Robert W. Baird downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $20.00 in a research report on Monday, November 27th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a research report on Friday, October 27th. Finally, Mizuho reissued a “hold” rating and set a $19.00 price target on shares of Kimco Realty in a research report on Monday, October 9th.
In other Kimco Realty news, insider Milton Cooper bought 50,000 shares of Kimco Realty stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $19.20 per share, with a total value of $960,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
Shares of Kimco Realty (NYSE:KIM) opened at $17.22 on Wednesday. The stock has a market capitalization of $7,330.00, a P/E ratio of 25.32, a P/E/G ratio of 2.15 and a beta of 0.66. Kimco Realty has a 12-month low of $17.02 and a 12-month high of $25.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a return on equity of 4.68% and a net margin of 17.85%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. analysts forecast that Kimco Realty will post 1.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Friday, December 29th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio (DPR) is currently 164.71%.
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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.
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