Mizuho Cuts Kimco Realty (NYSE:KIM) Price Target to $22.00

Kimco Realty (NYSE:KIM) had its target price cut by Mizuho from $26.00 to $22.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on KIM. JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Robert W. Baird raised their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Scotiabank boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.57.

Kimco Realty Trading Down 0.3 %

Kimco Realty stock opened at $21.63 on Tuesday. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm has a market capitalization of $14.69 billion, a PE ratio of 38.62, a PEG ratio of 2.78 and a beta of 1.50. The business’s 50-day simple moving average is $22.48 and its 200-day simple moving average is $23.38.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.62%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Institutional Trading of Kimco Realty

Several hedge funds have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Kimco Realty during the 3rd quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in Kimco Realty in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty during the third quarter worth $31,000. Brown Brothers Harriman & Co. increased its stake in shares of Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Kimco Realty in the third quarter valued at $37,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.