RBC Capital Lowers Kimco Realty Corp. Price Target to $25.00 (KIM)
Stock analysts at RBC Capital lowered their price target on shares of Kimco Realty Corp. (NYSE:KIM) from $28.00 to $25.00 in a report issued on Monday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 15.42% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital cut their price target on shares of Kimco Realty Corp. from $24.00 to $23.00 in a research note to investors on Thursday. They now have an “in-line” rating on the stock. Separately, analysts at Capital One Financial Corp. initiated coverage on shares of Kimco Realty Corp. in a research note to investors on Monday, September 16th. They set a “strong-buy” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Kimco Realty Corp. from $25.00 to $23.00 in a research note to investors on Thursday, September 12th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Kimco Realty Corp. presently has an average rating of “Hold” and an average target price of $24.00.
Shares of Kimco Realty Corp. (NYSE:KIM) traded up 0.46% on Monday, hitting $21.66. The stock had a trading volume of 5,195,174 shares. Kimco Realty Corp. has a 52 week low of $18.11 and a 52 week high of $25.09. The stock’s 50-day moving average is $20.63 and its 200-day moving average is $21.77. The company has a market cap of $8.873 billion and a P/E ratio of 47.91.
Kimco Realty Corp. (NYSE:KIM) last released its earnings data on Tuesday, October 29th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $241.50 million for the quarter, compared to the consensus estimate of $236.90 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts predict that Kimco Realty Corp. will post $1.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.23 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, December 30th. This is a boost from Kimco Realty Corp.’s previous quarterly dividend of $0.21.
Kimco Realty Corp. is a real estate investment trust (NYSE:KIM) that owns and operates North America’s largest portfolio of neighborhood and community shopping centers.
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