2 weeks Ago By ABMN Staff
Kimco Realty Corp ( NYSE:KIM – Get Free Report ) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.
55. Several analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Kimco Realty from $22.
00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. JPMorgan Chase & Co.
lifted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd.
Piper Sandler restated an “overweight” rating and issued a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd.
Scotiabank lifted their price target on Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th.
Finally, Wells Fargo & Company boosted their price objective on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th.
Read Our Latest Research Report on KIM Insider Buying and Selling at Kimco Realty Institutional Investors Weigh In On Kimco Realty Several large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in Kimco Realty by 71.0% in the 1st quarter.
ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock worth $3,531,000 after buying an additional 74,729 shares in the last quarter. Vanguard Group Inc. grew its position in Kimco Realty by 7.
7% in the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock worth $2,162,347,000 after acquiring an additional 7,931,013 shares in the last quarter.
Evoke Wealth LLC bought a new position in Kimco Realty in the fourth quarter valued at $4,181,000. Forsta AP Fonden raised its position in Kimco Realty by 232.9% during the first quarter.
Forsta AP Fonden now owns 435,800 shares of the real estate investment trust’s stock valued at $8,546,000 after purchasing an additional 304,900 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Kimco Realty by 63.5% during the first quarter.
BNP Paribas Financial Markets now owns 1,031,957 shares of the real estate investment trust’s stock worth $20,237,000 after purchasing an additional 400,825 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.
Kimco Realty Stock Up 0.4 % Kimco Realty stock opened at $22.96 on Wednesday.
The company has a market capitalization of $15.48 billion, a PE ratio of 43.32, a PEG ratio of 4.
03 and a beta of 1.51. Kimco Realty has a 12-month low of $16.
34 and a 12-month high of $24.25. The firm’s fifty day moving average is $22.
57 and its 200 day moving average is $20.25. The company has a quick ratio of 1.
73, a current ratio of 1.73 and a debt-to-equity ratio of 0.72.
Kimco Realty ( NYSE:KIM – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.
40 by ($0.23). The company had revenue of $500.
20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.
28% and a return on equity of 3.59%. Kimco Realty’s revenue for the quarter was up 13.
0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS.
As a group, sell-side analysts predict that Kimco Realty will post 1.62 EPS for the current fiscal year. Kimco Realty Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th.
Investors of record on Thursday, September 5th were issued a $0.24 dividend. This represents a $0.
96 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, September 5th.
Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%. About Kimco Realty ( Get Free Report 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.
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