Kimco Realty Corp (KIM) Posts Quarterly Results
Kimco Realty Corp (NYSE:KIM) posted its quarterly earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01, AnalystRatings.NET reports. The company had revenue of $260.24 million for the quarter, compared to the consensus estimate of $240.85 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Kimco Realty Corp updated its FY14 guidance to $1.36-1.40 EPS.
Shares of Kimco Realty Corp (NYSE:KIM) traded down 0.60% on Tuesday, hitting $23.32. The stock had a trading volume of 2,136,075 shares. Kimco Realty Corp has a 52 week low of $19.22 and a 52 week high of $23.82. The stock has a 50-day moving average of $23.13 and a 200-day moving average of $22.29. The company has a market cap of $9.575 billion and a P/E ratio of 49.29.
KIM has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Kimco Realty Corp from $22.00 to $24.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Kimco Realty Corp in a research note on Thursday, June 19th. They now have a $24.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Kimco Realty Corp from $24.00 to $25.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.56.
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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