Media coverage about Kimco Realty (NYSE:KIM) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kimco Realty earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.9408193514485 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Rockefeller, Kimco sell Broward town center to IMC for $25M – South Florida Business Journal (bizjournals.com)
- Community Celebrates Costco Announcement at Former Mall Site (jewishtimes.com)
- Kimco Realty Corporation (KIM) – Keep in mind Technical indicators – Wall Street Morning (wallstreetmorning.com)
- Hot Stock of the Day: Kimco Realty Corporation (NYSE: KIM) – Alpha Beta Stock (alphabetastock.com)
Several research firms recently commented on KIM. BidaskClub raised Kimco Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. BMO Capital Markets began coverage on Kimco Realty in a research note on Monday, September 11th. They set a “market perform” rating and a $21.00 target price for the company. Zacks Investment Research raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised their target price on Kimco Realty from $19.50 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $25.00 target price on shares of Kimco Realty in a research note on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.67.
Shares of Kimco Realty (NYSE KIM) traded up $0.01 during trading on Friday, reaching $18.80. The company’s stock had a trading volume of 1,310,000 shares, compared to its average volume of 3,750,000. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty has a 12-month low of $17.02 and a 12-month high of $26.63. The firm has a market capitalization of $8,000.00, a PE ratio of 12.45, a PEG ratio of 2.18 and a beta of 0.66.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The firm had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. During the same period last year, the business posted $0.38 EPS. The company’s revenue was up 4.2% on a year-over-year basis. analysts expect that Kimco Realty will post 1.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio (DPR) is 158.82%.
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Kimco Realty Company Profile
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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