Kimco Realty Corp (KIM) Receives Average Rating of “Hold” from Analysts

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.

Several hedge funds have recently modified their holdings of the business. FMR LLC lifted its stake in shares of Kimco Realty by 24.5% in the 2nd quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock valued at $224,251,000 after acquiring an additional 2,408,799 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Kimco Realty in the 3rd quarter valued at $44,360,000. BlackRock Inc. lifted its stake in shares of Kimco Realty by 3.8% in the 2nd quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock valued at $759,119,000 after acquiring an additional 1,506,999 shares during the last quarter. Hamlin Capital Management LLC lifted its stake in shares of Kimco Realty by 38.9% in the 3rd quarter. Hamlin Capital Management LLC now owns 4,330,610 shares of the real estate investment trust’s stock valued at $84,663,000 after acquiring an additional 1,212,542 shares during the last quarter. Finally, Private Management Group Inc. bought a new position in shares of Kimco Realty in the 3rd quarter valued at $21,318,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://baseballnewssource.com/markets/kimco-realty-corp-kim-receives-average-rating-of-hold-from-analysts/1821977.html.

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.

Analyst Recommendations for Kimco Realty (NYSE:KIM)

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.