Headlines about Kimco Realty (NYSE:KIM) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kimco Realty earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.4045802171494 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Paragon acquires Great Barrington center (chainstoreage.com)
- Stock Traders Buy Large Volume of Call Options on Kimco Realty (KIM) (americanbankingnews.com)
- Kimco Realty Corp (KIM) Expected to Post Quarterly Sales of $300.44 Million (americanbankingnews.com)
- Kimco Realty Corp (KIM) to Post Q1 2018 Earnings of $0.37 Per Share, Boenning Scattergood Forecasts (americanbankingnews.com)
- Kimco Realty Corp (KIM) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
KIM has been the subject of several research analyst reports. Zacks Investment Research cut Kimco Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine cut Kimco Realty from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Robert W. Baird lowered Kimco Realty from an “outperform” rating to a “neutral” rating and dropped their price target for the company 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Kimco Realty currently has a consensus rating of “Hold” and an average target price of $22.22.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The business had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. Kimco Realty’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. equities research analysts predict that Kimco Realty will post 1.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.77%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 29th. Kimco Realty’s dividend payout ratio (DPR) is 164.71%.
In other news, insider Milton Cooper bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired 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 Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.
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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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