Brokerages Set Kimco Realty Corp (NYSE:KIM) PT at $24.83

Shares of Kimco Realty Corp (NYSE:KIM) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.83.

Several analysts have commented on KIM shares. UBS Group lifted their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Mizuho lifted their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Robert W. Baird lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

Kimco Realty Trading Up 1.2 %

Kimco Realty stock opened at $21.79 on Friday. The stock has a market cap of $14.69 billion, a PE ratio of 38.91, a P/E/G ratio of 2.78 and a beta of 1.50. The stock has a 50-day moving average price of $22.56 and a 200 day moving average price of $23.39. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities research analysts predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.59%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently bought and sold shares of KIM. Norges Bank acquired a new position in Kimco Realty during the 4th quarter worth approximately $363,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after acquiring an additional 5,598,091 shares in the last quarter. Northern Trust Corp lifted its position in Kimco Realty by 55.0% during the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust’s stock worth $241,446,000 after acquiring an additional 3,658,528 shares in the last quarter. Federated Hermes Inc. lifted its position in Kimco Realty by 90.5% during the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust’s stock worth $170,535,000 after acquiring an additional 3,457,435 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock worth $407,301,000 after acquiring an additional 2,692,258 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

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.