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

Kimco Realty Corp (NYSE:KIM) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.55.

Several equities analysts recently weighed in on the company. 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 report on Monday, September 16th. The Goldman Sachs Group increased their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Compass Point boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Truist Financial increased their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, 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 report on Monday, August 26th.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the sale, the chief operating officer now owns 337,111 shares of the company’s stock, valued at $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Kimco Realty

Institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of Kimco Realty in the first quarter worth about $200,043,000. Vanguard Group Inc. increased its stake in shares of Kimco Realty by 7.7% during 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 purchasing an additional 7,931,013 shares during the period. Centersquare Investment Management LLC raised its stake in Kimco Realty by 76.8% in the 1st quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock worth $269,531,000 after purchasing an additional 6,282,891 shares in the last quarter. Janus Henderson Group PLC lifted its position in Kimco Realty by 3,711.4% during the first quarter. Janus Henderson Group PLC now owns 2,828,917 shares of the real estate investment trust’s stock worth $55,462,000 after purchasing an additional 2,754,695 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Kimco Realty by 43.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock worth $154,583,000 after purchasing an additional 2,400,752 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

KIM opened at $24.62 on Friday. The stock has a 50-day moving average of $23.17 and a 200-day moving average of $20.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. Kimco Realty has a 52-week low of $16.34 and a 52-week high of $24.67. The company has a market cap of $16.60 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 3.95 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The firm had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts forecast that Kimco Realty will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Thursday, September 5th. Kimco Realty’s payout ratio is currently 181.13%.

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.