Kimco Realty Corporation (NYSE:KIM) has earned a consensus rating of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $23.67.

KIM has been the topic of several research reports. J P Morgan Chase & Co raised shares of Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research report on Tuesday, September 26th. BidaskClub lowered shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a research note on Friday, July 28th. Citigroup Inc. lifted their price target on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 price target on shares of Kimco Realty Corporation in a research note on Friday, August 4th.

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Kimco Realty Corporation (KIM) opened at $18.99 on Tuesday. The firm has a market cap of $8,240.00, a price-to-earnings ratio of 12.81, a PEG ratio of 2.24 and a beta of 0.66. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $26.63. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million during the quarter, compared to the consensus estimate of $295.34 million. Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. research analysts anticipate that Kimco Realty Corporation will post 1.55 EPS for the current year.

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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Friday, December 29th. This is an increase from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s dividend payout ratio is 158.82%.

Several institutional investors have recently modified their holdings of the company. Hamlin Capital Management LLC acquired a new position in Kimco Realty Corporation during the 2nd quarter worth approximately $57,217,000. FMR LLC increased its position in Kimco Realty Corporation by 24.5% during the 2nd quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 2,408,799 shares in the last quarter. American Century Companies Inc. acquired a new position in Kimco Realty Corporation during the 3rd quarter worth approximately $44,360,000. BlackRock Inc. increased its position in Kimco Realty Corporation by 3.8% during the 2nd quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock worth $759,119,000 after purchasing an additional 1,506,999 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in Kimco Realty Corporation by 4,014.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,147,429 shares of the real estate investment trust’s stock worth $21,054,000 after purchasing an additional 1,119,544 shares in the last quarter. 90.55% of the stock is owned by institutional investors.

About Kimco Realty Corporation

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.

Analyst Recommendations for Kimco Realty Corporation (NYSE:KIM)

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