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

Shares of Kimco Realty Corporation (NYSE:KIM) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.6333.

A number of analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays started coverage on shares of Kimco Realty in a report on Wednesday, July 2nd. They issued an “overweight” rating and a $25.00 price target on the stock. Piper Sandler decreased their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Finally, Scotiabank decreased their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd.

Kimco Realty Stock Down 0.4%

NYSE:KIM opened at $21.6160 on Friday. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The stock has a market capitalization of $14.64 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The company’s 50-day simple moving average is $21.31 and its 200-day simple moving average is $21.12.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 120.48%.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently modified their holdings of KIM. Raymond James Financial Inc. purchased a new position in shares of Kimco Realty in the 4th quarter valued at approximately $2,478,000. Townsquare Capital LLC increased its holdings in shares of Kimco Realty by 5.3% during the 4th quarter. Townsquare Capital LLC now owns 13,770 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 688 shares in the last quarter. Mariner LLC increased its holdings in shares of Kimco Realty by 51.6% during the 4th quarter. Mariner LLC now owns 114,457 shares of the real estate investment trust’s stock valued at $2,682,000 after purchasing an additional 38,964 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Kimco Realty during the 4th quarter valued at approximately $233,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Kimco Realty by 45.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 81,887 shares of the real estate investment trust’s stock valued at $1,919,000 after purchasing an additional 25,687 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.