Kimco Realty Corporation (NYSE:KIM) – Research analysts at Boenning Scattergood decreased their Q2 2018 earnings estimates for Kimco Realty Corporation in a research report issued on Friday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings of $0.39 per share for the quarter, down from their prior forecast of $0.40. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Kimco Realty Corporation’s Q3 2018 earnings at $0.39 EPS.

Several other brokerages have also weighed in on KIM. BidaskClub raised shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BMO Capital Markets began coverage on shares of Kimco Realty Corporation in a research report on Monday, September 11th. They set a “market perform” rating and a $21.00 price objective on the stock. Zacks Investment Research raised shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised their price objective on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kimco Realty Corporation in a research report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.43.

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Shares of Kimco Realty Corporation (NYSE:KIM) opened at 18.36 on Monday. The stock has a 50 day moving average of $19.40 and a 200 day moving average of $19.44. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $26.64. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 37.39 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. During the same period in the previous year, the company earned $0.38 EPS. Kimco Realty Corporation’s revenue was up 4.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.28 dividend. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.10%. Kimco Realty Corporation’s dividend payout ratio (DPR) is currently 125.58%.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Kimco Realty Corporation by 3.8% in the second quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock valued at $759,119,000 after purchasing an additional 1,506,999 shares during the period. Bank of New York Mellon Corp raised its position in shares of Kimco Realty Corporation by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 18,014,750 shares of the real estate investment trust’s stock valued at $330,570,000 after purchasing an additional 595,684 shares during the period. FMR LLC raised its position in shares of Kimco Realty Corporation by 24.5% in the second quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock valued at $224,251,000 after purchasing an additional 2,408,799 shares during the period. PGGM Investments raised its position in shares of Kimco Realty Corporation by 4.9% in the third quarter. PGGM Investments now owns 11,304,000 shares of the real estate investment trust’s stock valued at $220,993,000 after purchasing an additional 523,000 shares during the period. Finally, Cbre Clarion Securities LLC raised its position in shares of Kimco Realty Corporation by 7.6% in the second quarter. Cbre Clarion Securities LLC now owns 9,926,107 shares of the real estate investment trust’s stock valued at $182,144,000 after purchasing an additional 701,218 shares during the period. 89.40% of the stock is currently owned by institutional investors.

Kimco Realty Corporation Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

Earnings History and Estimates for Kimco Realty Corporation (NYSE:KIM)

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