Kimco Realty Corp Receives Average Recommendation of “Buy” from Analysts (NYSE:KIM)
Kimco Realty Corp (NYSE:KIM) has been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the stock, American Banking News reports. Six equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.29.
Shares of Kimco Realty Corp (NYSE:KIM) opened at 23.38 on Friday. Kimco Realty Corp has a one year low of $19.22 and a one year high of $23.82. The stock’s 50-day moving average is $23.07 and its 200-day moving average is $22.66. The company has a market cap of $9.610 billion and a price-to-earnings ratio of 41.18.
Kimco Realty Corp (NYSE:KIM) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Kimco Realty Corp’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Kimco Realty Corp will post $1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, October 1st.
KIM has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Kimco Realty Corp in a research note on Wednesday, August 20th. They now have a $23.00 price target on the stock, down previously from $24.00.
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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