Brokerages Set Kimco Realty Corp (NYSE:KIM) Target Price at $21.48

Shares of Kimco Realty Corp (NYSE:KIM) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.48.

KIM has been the subject of a number of research analyst reports. Citigroup reissued a “neutral” rating and issued a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Robert W. Baird reduced their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Bank of America reissued a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho cut their target price on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Kimco Realty

Several hedge funds have recently made changes to their positions in KIM. SG Americas Securities LLC boosted its holdings in Kimco Realty by 78.9% in the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock valued at $4,406,000 after acquiring an additional 91,161 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Kimco Realty by 7.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 161,654 shares of the real estate investment trust’s stock valued at $3,445,000 after acquiring an additional 10,917 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Kimco Realty in the fourth quarter valued at $8,217,000. Robeco Institutional Asset Management B.V. boosted its holdings in Kimco Realty by 6.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock valued at $15,375,000 after acquiring an additional 55,450 shares during the last quarter. Finally, Vision Capital Corp acquired a new position in Kimco Realty in the third quarter valued at $9,674,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 1.0 %

Shares of NYSE KIM opened at $18.63 on Friday. The stock has a market cap of $12.56 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 4.15 and a beta of 1.45. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. Kimco Realty has a 52-week low of $16.34 and a 52-week high of $22.83. The business has a 50-day moving average price of $18.95 and a 200 day moving average price of $19.43.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

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.