Kimco Realty Corp (NYSE:KIM) Receives $24.50 Consensus PT from Analysts

Kimco Realty Corp (NYSE:KIM) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.50.

A number of research firms have recently issued reports on KIM. Scotiabank reduced their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th.

Kimco Realty Trading Down 0.6 %

Kimco Realty stock opened at $20.78 on Wednesday. The firm’s 50-day moving average is $21.86 and its 200-day moving average is $23.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a market cap of $14.12 billion, a P/E ratio of 37.10, a PEG ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Institutional Trading of Kimco Realty

Several institutional investors have recently made changes to their positions in KIM. Summit Securities Group LLC acquired a new stake in shares of Kimco Realty during the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Kimco Realty in the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. lifted its stake in 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 acquiring an additional 575 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Kimco Realty in the third quarter valued at approximately $37,000. Finally, Headlands Technologies LLC acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $45,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.