Kimco Realty Corp (NYSE:KIM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Kimco Realty Corp (NYSE:KIMGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.14.

A number of analysts have recently issued reports on the company. Compass Point lifted their price target on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Raymond James raised Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Friday, August 16th. Truist Financial boosted their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Evercore ISI boosted their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, The Goldman Sachs Group boosted their price objective on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th.

View Our Latest Report on Kimco Realty

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $25.10 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The business’s 50 day moving average price is $23.77 and its 200-day moving average price is $21.57. The firm has a market capitalization of $16.92 billion, a PE ratio of 45.63, a P/E/G ratio of 3.29 and a beta of 1.50. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.19.

Kimco Realty (NYSE:KIMGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, equities research analysts expect that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.25 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.98%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s payout ratio is currently 174.55%.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank raised its holdings in shares of Kimco Realty by 2.2% in the 3rd quarter. Toronto Dominion Bank now owns 334,091 shares of the real estate investment trust’s stock valued at $7,758,000 after buying an additional 7,049 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 565 shares during the period. RB Capital Management LLC purchased a new stake in shares of Kimco Realty in the 3rd quarter valued at $237,000. Geode Capital Management LLC raised its holdings in shares of Kimco Realty by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock valued at $398,468,000 after buying an additional 53,378 shares during the period. Finally, Barclays PLC raised its holdings in shares of Kimco Realty by 14.3% in the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust’s stock valued at $42,915,000 after buying an additional 231,606 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Company Profile

(Get Free Report

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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Analyst Recommendations for Kimco Realty (NYSE:KIM)

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