Kimco Realty (NYSE:KIM – Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23), Zacks reports. The firm had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. Kimco Realty updated its FY 2024 guidance to 1.600-1.620 EPS and its FY24 guidance to $1.60-$1.62 EPS.
Kimco Realty Trading Down 0.4 %
KIM stock traded down $0.08 during midday trading on Friday, reaching $21.93. The stock had a trading volume of 4,591,199 shares, compared to its average volume of 4,417,856. The business has a fifty day simple moving average of $19.76 and a two-hundred day simple moving average of $19.43. The company has a quick ratio of 1.86, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 4.23 and a beta of 1.51. Kimco Realty has a twelve month low of $16.34 and a twelve month high of $22.83.
Kimco Realty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.38%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.
Analysts Set New Price Targets
Read Our Latest Research Report on KIM
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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