Mizuho reiterated their hold rating on shares of Kimco Realty Corporation (NYSE:KIM) in a research report report published on Monday morning. Mizuho currently has a $19.00 price objective on the real estate investment trust’s stock.
Several other equities analysts have also issued reports on KIM. BidaskClub raised shares of Kimco Realty Corporation from a hold rating to a buy rating in a report on Thursday, August 10th. Citigroup Inc. lifted their price target on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a neutral rating in a report on Monday, August 14th. Boenning Scattergood reaffirmed a hold rating on shares of Kimco Realty Corporation in a report on Friday, August 18th. J P Morgan Chase & Co raised shares of Kimco Realty Corporation from a neutral rating to an overweight rating and set a $24.00 price target on the stock in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $25.00 price target on shares of Kimco Realty Corporation in a report on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Kimco Realty Corporation currently has an average rating of Hold and a consensus price target of $24.43.
Shares of Kimco Realty Corporation (NYSE KIM) opened at 19.28 on Monday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 39.27 and a beta of 0.67. The firm’s 50-day moving average price is $19.66 and its 200 day moving average price is $19.68. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $28.52.
Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The firm had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. During the same period in the prior year, the firm posted $0.37 earnings per share. Kimco Realty Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Kimco Realty Corporation will post $0.70 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.
A number of large investors have recently bought and sold shares of KIM. BlackRock Inc. boosted its holdings in Kimco Realty Corporation by 2,779.7% in the first quarter. BlackRock Inc. now owns 39,861,866 shares of the real estate investment trust’s stock valued at $880,549,000 after purchasing an additional 38,477,627 shares during the last quarter. Hamlin Capital Management LLC purchased a new stake in Kimco Realty Corporation in the second quarter valued at $57,217,000. FMR LLC boosted its holdings in Kimco Realty Corporation by 24.5% in the second quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock valued at $224,251,000 after purchasing an additional 2,408,799 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Kimco Realty Corporation by 207.3% in the first quarter. Renaissance Technologies LLC now owns 2,456,829 shares of the real estate investment trust’s stock valued at $54,271,000 after purchasing an additional 1,657,434 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in Kimco Realty Corporation by 4,014.9% in the second quarter. Commonwealth Bank of Australia now owns 1,147,429 shares of the real estate investment trust’s stock valued at $21,054,000 after purchasing an additional 1,119,544 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.
Kimco Realty Corporation 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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