Kimco Realty (NYSE:KIM) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Kimco Realty (NYSE:KIM) from a buy rating to a hold rating in a report published on Thursday morning, MarketBeat reports. Jefferies Financial Group currently has $25.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $28.00.

A number of other equities analysts have also recently weighed in on KIM. Mizuho boosted their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. The Goldman Sachs Group lifted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Compass Point upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus price target of $24.84.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $23.17 on Thursday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $24.44 and its 200 day moving average price is $22.88. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.22 and a beta of 1.51.

Kimco Realty (NYSE:KIM) last released its quarterly 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). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts forecast that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.25 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Thursday, December 5th. Kimco Realty’s payout ratio is currently 181.82%.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty in the third quarter worth about $37,000. Quarry LP acquired a new stake in shares of Kimco Realty in the third quarter valued at about $51,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,144 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

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.