Brokerages Set Kimco Realty Corp (NYSE:KIM) PT at $24.84

Shares of Kimco Realty Corp (NYSE:KIM) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $24.84.

A number of brokerages have recently issued reports on KIM. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Mizuho increased their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Friday, December 20th. Finally, Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.98 on Friday. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 3.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a 50-day simple moving average of $24.41 and a 200 day simple moving average of $22.97.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. On average, sell-side analysts predict that Kimco Realty will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.55%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. Kimco Realty’s dividend payout ratio is currently 181.82%.

Institutional Trading of Kimco Realty

A number of hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty in the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the third quarter valued at about $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the third quarter valued at about $37,000. Quarry LP bought a new stake in shares of Kimco Realty during the third quarter worth about $51,000. Finally, Castleview Partners LLC acquired a new position in shares of Kimco Realty in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.