Kimco Realty (NYSE:KIM) Price Target Raised to $24.00 at JPMorgan Chase & Co.

Kimco Realty (NYSE:KIM) had its price objective raised by JPMorgan Chase & Co. from $22.00 to $24.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

KIM has been the topic of a number of other reports. Bank of America reissued a neutral rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho lowered their target price on shares of Kimco Realty from $21.00 to $20.00 and set a buy rating for the company in a report on Thursday, May 23rd. Piper Sandler reiterated an overweight rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a report on Friday. Truist Financial lowered their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a hold rating for the company in a research note on Monday, May 20th. Finally, Robert W. Baird cut their target price on Kimco Realty from $23.00 to $21.00 and set an outperform rating on the stock in a research report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Kimco Realty presently has a consensus rating of Hold and an average price target of $21.98.

Kimco Realty Stock Down 0.4 %

Shares of NYSE KIM opened at $21.93 on Friday. The firm’s 50 day moving average price is $19.76 and its 200 day moving average price is $19.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.73. The firm has a market cap of $14.78 billion, a P/E ratio of 41.38, a price-to-earnings-growth ratio of 4.23 and a beta of 1.51. 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, September 19th. Shareholders of record on Thursday, September 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.38%. The ex-dividend date is Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is 181.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Kimco Realty in the 4th quarter valued at about $27,000. Headlands Technologies LLC purchased a new position in Kimco Realty in the fourth quarter valued at about $27,000. Principal Securities Inc. acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $33,000. Finally, Blue Trust Inc. increased its holdings in Kimco Realty by 613.5% during the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

About Kimco Realty

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.