Robert W. Baird reiterated their buy rating on shares of Kimco Realty Corporation (NYSE:KIM) in a report issued on Friday, November 10th. Robert W. Baird currently has a $23.00 price target on the real estate investment trust’s stock.
A number of other research analysts have also recently issued reports on the company. Boenning Scattergood reaffirmed a hold rating on shares of Kimco Realty Corporation in a report on Friday, October 27th. BMO Capital Markets set a $21.00 price target on Kimco Realty Corporation and gave the company a hold rating in a research note on Wednesday, October 25th. Mizuho reiterated a hold rating and issued a $19.00 price objective on shares of Kimco Realty Corporation in a research report on Monday, October 9th. J P Morgan Chase & Co upgraded Kimco Realty Corporation from a neutral rating to an overweight rating and set a $24.00 price objective for the company in a research report on Tuesday, September 26th. Finally, Argus lowered Kimco Realty Corporation from a buy rating to a hold rating in a research report on Monday, August 28th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kimco Realty Corporation presently has a consensus rating of Hold and a consensus target price of $24.25.
Kimco Realty Corporation (KIM) opened at $18.78 on Friday. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $26.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $7,976.75, a price-to-earnings ratio of 12.41, a P/E/G ratio of 2.17 and a beta of 0.65.
Kimco Realty Corporation (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The firm had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts expect that Kimco Realty Corporation will post 1.55 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.96%. This is an increase from Kimco Realty Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. Kimco Realty Corporation’s dividend payout ratio (DPR) is 125.58%.
Hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in Kimco Realty Corporation in the third quarter worth approximately $105,000. Pacer Advisors Inc. increased its holdings in Kimco Realty Corporation by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 790 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Kimco Realty Corporation in the third quarter worth approximately $201,000. Stoneridge Investment Partners LLC bought a new stake in Kimco Realty Corporation in the third quarter worth approximately $203,000. Finally, Carnegie Capital Asset Management LLC bought a new stake in Kimco Realty Corporation in the second quarter worth approximately $204,000. Institutional investors and hedge funds own 90.55% of the company’s stock.
About Kimco Realty Corporation
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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