Kimco Realty Corporation (KIM) Earns “Buy” Rating from Robert W. Baird

Robert W. Baird restated their buy rating on shares of Kimco Realty Corporation (NYSE:KIM) in a report issued on Friday morning. They currently have a $23.00 target price on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the stock. Boenning Scattergood restated a hold rating on shares of Kimco Realty Corporation in a research note on Friday, October 27th. BMO Capital Markets set a $21.00 target price on shares of Kimco Realty Corporation and gave the company a hold rating in a research note on Wednesday, October 25th. Mizuho restated a hold rating and issued a $19.00 target price on shares of Kimco Realty Corporation in a research note on Monday, October 9th. J P Morgan Chase & Co upgraded shares of Kimco Realty Corporation from a neutral rating to an overweight rating and set a $24.00 target price on the stock in a research note on Tuesday, September 26th. Finally, Argus downgraded shares of Kimco Realty Corporation from a buy rating to a hold rating in a research note 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 stock. The stock has an average rating of Hold and an average price target of $24.25.

Shares of Kimco Realty Corporation (KIM) opened at $18.95 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 firm has a market cap of $8,151.26, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts forecast that Kimco Realty Corporation will post 1.55 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. This is an increase from Kimco Realty Corporation’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 29th. This represents a $1.12 annualized dividend and a yield of 5.91%. Kimco Realty Corporation’s dividend payout ratio is 125.58%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its position in Kimco Realty Corporation by 9.9% during the 3rd quarter. Stifel Financial Corp now owns 157,965 shares of the real estate investment trust’s stock worth $3,220,000 after buying an additional 14,278 shares in the last quarter. Sarasin & Partners LLP lifted its position in Kimco Realty Corporation by 23.5% during the 3rd quarter. Sarasin & Partners LLP now owns 170,714 shares of the real estate investment trust’s stock worth $3,337,000 after buying an additional 32,467 shares in the last quarter. KBC Group NV lifted its position in Kimco Realty Corporation by 45.8% during the 3rd quarter. KBC Group NV now owns 135,364 shares of the real estate investment trust’s stock worth $2,646,000 after buying an additional 42,551 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Kimco Realty Corporation by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,119,693 shares of the real estate investment trust’s stock worth $119,639,000 after buying an additional 145,326 shares in the last quarter. Finally, Sun Life Financial INC lifted its position in Kimco Realty Corporation by 184.5% during the 3rd quarter. Sun Life Financial INC now owns 34,230 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 22,200 shares in the last quarter. Institutional investors and hedge funds own 90.22% 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.

Analyst Recommendations for Kimco Realty Corporation (NYSE:KIM)

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