Kimco Realty Corporation (NYSE:KIM) Stock Has Average Price Target of $25.88

Shares of Kimco Realty Corporation (NYSE:KIM) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has 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 $26.12.

Several research firms recently issued reports on KIM. Barclays reduced their price target on Kimco Realty from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Truist Financial began coverage on Kimco Realty in a research report on Thursday, October 1st. They set a “hold” rating and a $24.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Kimco Realty from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 23rd. JPMorgan Chase & Co. lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, Mizuho reduced their target price on shares of Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raiffeisen Bank International AG boosted its position in shares of Kimco Realty by 9,783.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 47,451 shares in the last quarter. CX Institutional lifted its stake in Kimco Realty by 757.8% during the third quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock worth $1,367,000 after purchasing an additional 54,361 shares during the last quarter. Nykredit A S bought a new stake in Kimco Realty during the second quarter worth $4,380,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Kimco Realty during the third quarter worth $4,342,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Kimco Realty by 144.4% in the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after purchasing an additional 116,811 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $25.61 on Monday. Kimco Realty has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.85 and a beta of 0.91. The company has a 50-day simple moving average of $23.30 and a 200 day simple moving average of $23.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.81 and a current ratio of 3.81.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Kimco Realty had a net margin of 34.06% and a return on equity of 7.16%. The firm had revenue of $546.15 million during the quarter, compared to the consensus estimate of $549.06 million. During the same period last year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Kimco Realty will post 1.85 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, December 4th. Kimco Realty’s dividend payout ratio is 104.67%.

About Kimco Realty

Kimco Realty Corporation is a real estate investment trust that owns and operates open-air shopping centers, with a focus on grocery-anchored properties and mixed-use developments. Its properties bring together grocery stores, retailers, restaurants and service businesses. Founded in 1958, Kimco has grown into a major U.S. retail real estate owner. Its portfolio serves communities across the United States, including markets in which its centers provide everyday shopping and services. Kimco is headquartered in Jericho, New York.