Wall Street brokerages expect that Kimco Realty Corp (NYSE:KIM) will announce earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Kimco Realty’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. Kimco Realty reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The company is scheduled to report its next earnings results on Thursday, January 30th.
On average, analysts expect that Kimco Realty will report full-year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.48. For the next year, analysts expect that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks’ EPS calculations are an average based on a survey of analysts that follow Kimco Realty.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.22). Kimco Realty had a net margin of 33.95% and a return on equity of 7.36%. The company had revenue of $282.90 million during the quarter, compared to analyst estimates of $281.51 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis.
Several analysts have recently commented on KIM shares. Compass Point upgraded shares of Kimco Realty from a “sell” rating to a “neutral” rating and set a $22.00 price target on the stock in a research report on Monday, November 25th. Capital One Financial downgraded Kimco Realty from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective for the company. in a research report on Wednesday, October 23rd. Morgan Stanley upped their target price on Kimco Realty from $14.50 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, September 3rd. TheStreet upgraded Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada cut Kimco Realty from an “outperform” rating to a “sector perform” rating and set a $19.00 target price on the stock. in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.52.
In other Kimco Realty news, Director Richard B. Saltzman sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.06, for a total transaction of $100,300.00. Following the sale, the director now directly owns 80,835 shares of the company’s stock, valued at approximately $1,621,550.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Institutional & Family Asset Management LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $51,000. Worldquant Millennium Advisors LLC boosted its stake in shares of Kimco Realty by 13.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 208,548 shares of the real estate investment trust’s stock worth $4,354,000 after purchasing an additional 25,239 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Kimco Realty by 4.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,260,120 shares of the real estate investment trust’s stock worth $47,191,000 after purchasing an additional 106,022 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Kimco Realty by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 746,449 shares of the real estate investment trust’s stock worth $15,586,000 after purchasing an additional 2,163 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Kimco Realty by 2.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 275,825 shares of the real estate investment trust’s stock worth $5,759,000 after purchasing an additional 5,500 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.
Shares of NYSE KIM traded up $0.11 on Wednesday, hitting $21.27. The company’s stock had a trading volume of 5,248,703 shares, compared to its average volume of 3,733,174. Kimco Realty has a 12-month low of $14.29 and a 12-month high of $21.86. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 3.64 and a beta of 0.56. The stock has a 50 day moving average of $21.26 and a 200-day moving average of $19.50.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.12 dividend on an annualized basis and a yield of 5.27%. Kimco Realty’s dividend payout ratio (DPR) is 77.24%.
Kimco Realty Company Profile
Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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