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

Shares of Kimco Realty Corp (NYSE:KIM) have been given an average recommendation of “Moderate Buy” by the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine investment 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 analysts that have covered the stock in the last year is $24.14.

A number of brokerages have recently issued reports on KIM. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Friday, August 16th. Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $23.00 in a report on Monday, August 19th. Scotiabank boosted their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Argus upgraded Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. raised their price objective on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently modified their holdings of KIM. ProShare Advisors LLC grew its stake in shares of Kimco Realty by 71.0% in the 1st quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock worth $3,531,000 after buying an additional 74,729 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Kimco Realty by 7.7% in the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock worth $2,162,347,000 after acquiring an additional 7,931,013 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust’s stock valued at $73,195,000 after acquiring an additional 103,861 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Kimco Realty by 11.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,107,569 shares of the real estate investment trust’s stock worth $21,720,000 after purchasing an additional 109,758 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Kimco Realty by 30.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust’s stock worth $114,659,000 after purchasing an additional 1,381,490 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

KIM stock opened at $24.82 on Thursday. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 45.13, a P/E/G ratio of 3.26 and a beta of 1.50. The firm has a 50 day moving average of $23.67 and a two-hundred day moving average of $21.44. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.19. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company 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 company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. As a group, equities analysts anticipate that Kimco Realty will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.03%. Kimco Realty’s dividend payout ratio (DPR) is 174.55%.

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.