Kimco Realty Corp Given New $25.00 Price Target at Cowen and Company (KIM)
Equities researchers at Cowen and Company hoisted their price target on shares of Kimco Realty Corp (NYSE:KIM) from $24.00 to $25.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target points to a potential upside of 10.08% from the stock’s previous close.
Shares of Kimco Realty Corp (NYSE:KIM) traded up 0.70% during mid-day trading on Tuesday, hitting $22.87. The stock had a trading volume of 523,834 shares. Kimco Realty Corp has a 1-year low of $19.22 and a 1-year high of $23.44. The stock’s 50-day moving average is $22.55 and its 200-day moving average is $21.45. The company has a market cap of $9.390 billion and a P/E ratio of 47.71.
Kimco Realty Corp (NYSE:KIM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.34. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $237.42 million. During the same quarter last year, the company posted $0.33 earnings per share. Kimco Realty Corp’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Kimco Realty Corp will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Tuesday, July 1st.
A number of other firms have also recently commented on KIM. Analysts at Raymond James downgraded shares of Kimco Realty Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, May 12th. Separately, analysts at Barclays raised their price target on shares of Kimco Realty Corp from $26.00 to $28.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kimco Realty Corp in a research note on Thursday, March 27th. They now have a $23.00 price target on the stock. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.22.
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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