Kimco Realty (NYSE:KIM) Price Target Lowered to $22.00 at Truist Financial

Kimco Realty (NYSE:KIM) had its price objective decreased by Truist Financial from $23.00 to $22.00 in a report published on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on KIM. Bank of America restated a neutral rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Mizuho lowered their price objective on shares of Kimco Realty from $22.00 to $21.00 and set a buy rating for the company in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They set a hold rating and a $23.00 price objective for the company. Robert W. Baird lowered their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an outperform rating for the company in a research report on Thursday, April 4th. Finally, Citigroup reaffirmed a neutral rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $21.61.

Kimco Realty Stock Down 0.1 %

Shares of NYSE KIM opened at $19.00 on Monday. The company has a 50 day simple moving average of $18.79 and a 200-day simple moving average of $19.61. The company has a market capitalization of $12.81 billion, a P/E ratio of 35.85, a P/E/G ratio of 2.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 1.86. Kimco Realty has a 1 year low of $16.34 and a 1 year high of $22.83.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.24 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.05%. Kimco Realty’s payout ratio is 181.13%.

Hedge Funds Weigh In On Kimco Realty

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Kimco Realty by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock valued at $2,162,347,000 after buying an additional 7,931,013 shares during the last quarter. Cohen & Steers Inc. boosted its stake in Kimco Realty by 7.3% in the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock valued at $941,817,000 after acquiring an additional 3,022,995 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kimco Realty by 31.2% during the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock worth $324,847,000 after purchasing an additional 4,393,084 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Kimco Realty by 76.8% in the 1st quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock valued at $269,531,000 after purchasing an additional 6,282,891 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.