Kimco Realty Corp’s “Hold” Rating Reiterated at Deutsche Bank (KIM)
Kimco Realty Corp (NYSE:KIM)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a $23.00 price objective on the stock, down from their previous price objective of $24.00. Deutsche Bank’s price target indicates a potential downside of 1.71% from the stock’s previous close.
Separately, 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. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Kimco Realty Corp presently has an average rating of “Buy” and an average price target of $24.29.
In other Kimco Realty Corp news, CFO Glenn Gary Cohen unloaded 10,900 shares of Kimco Realty Corp stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $23.08, for a total transaction of $251,572.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Kimco Realty Corp (NYSE:KIM) traded up 0.85% during mid-day trading on Wednesday, hitting $23.60. 1,836,425 shares of the company’s stock traded hands. 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 $22.99 and a 200-day moving average of $22.47. The company has a market cap of $9.701 billion and a price-to-earnings ratio of 41.20.
Kimco Realty Corp (NYSE:KIM) last released its earnings data on Tuesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. 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. On average, analysts predict that Kimco Realty Corp will post $1.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Friday, October 3rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, October 1st.
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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