Kimco Realty (NYSE:KIM) PT Lowered to $22.00 at Argus

Kimco Realty (NYSE:KIM – Get Rating) had its target price decreased by Argus from $27.00 to $22.00 in a report issued on Monday morning, The Fly reports.

Several other research analysts have also issued reports on KIM. Compass Point dropped their target price on Kimco Realty from $21.00 to $20.00 and set a neutral rating for the company in a research report on Monday, March 27th. Truist Financial dropped their target price on Kimco Realty from $24.00 to $22.00 in a research report on Monday, May 15th. Mizuho dropped their target price on Kimco Realty from $22.00 to $21.00 and set a neutral rating for the company in a research report on Wednesday, March 1st. The Goldman Sachs Group assumed coverage on Kimco Realty in a research report on Tuesday, March 21st. They set a buy rating and a $25.00 target price for the company. Finally, StockNews.com assumed coverage on Kimco Realty in a report on Thursday, May 18th. They issued a hold rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Kimco Realty has an average rating of Hold and an average price target of $22.40.

Kimco Realty Price Performance

NYSE:KIM opened at $17.89 on Monday. Kimco Realty has a 52 week low of $17.34 and a 52 week high of $23.89. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.73. The business’s 50-day simple moving average is $18.63 and its two-hundred day simple moving average is $20.45. The stock has a market cap of $11.09 billion, a PE ratio of 74.75, a P/E/G ratio of 2.11 and a beta of 1.44.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimco Realty’s dividend payout ratio (DPR) is 383.35%.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 9,630 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $20.70, for a total value of $199,341.00. Following the completion of the transaction, the director now owns 212,424 shares of the company’s stock, valued at $4,397,176.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kimco Realty

A number of large investors have recently made changes to their positions in KIM. EverSource Wealth Advisors LLC increased its position in shares of Kimco Realty by 212.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 801 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of Kimco Realty by 58.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 669 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new position in shares of Kimco Realty during the first quarter worth $33,000. US Asset Management LLC acquired a new position in shares of Kimco Realty during the fourth quarter worth $35,000. Finally, VitalStone Financial LLC acquired a new position in shares of Kimco Realty during the first quarter worth $39,000. 92.33% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Company Profile

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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.