Equities analysts expect that Kimco Realty Corporation (NYSE:KIM) will announce earnings of $0.39 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Kimco Realty’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.39. Kimco Realty posted earnings of $0.16 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 143.8%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, February 15th.

On average, analysts expect that Kimco Realty will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.56. For the next fiscal year, analysts forecast that the business will report earnings of $1.56 per share, with EPS estimates ranging from $1.51 to $1.60. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Kimco Realty.

Kimco Realty (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 had a net margin of 35.51% and a return on equity of 7.73%. 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 firm posted $0.38 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

KIM has been the subject of several analyst reports. BMO Capital Markets set a $21.00 price objective on shares of Kimco Realty and gave the company a “hold” rating in a research note on Wednesday, October 25th. Argus downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating in a report on Monday, August 28th. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kimco Realty in a report on Friday, November 10th. Mizuho reiterated a “hold” rating and issued a $19.00 target price on shares of Kimco Realty in a report on Monday, October 9th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty in a report on Friday, October 27th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.02.

Large investors have recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of Kimco Realty during the 3rd quarter worth about $105,000. Carnegie Capital Asset Management LLC bought a new position in shares of Kimco Realty during the 2nd quarter worth about $204,000. Pacer Advisors Inc. increased its holdings in shares of Kimco Realty by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 790 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Kimco Realty during the 3rd quarter worth about $201,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Kimco Realty during the 3rd quarter worth about $203,000. Institutional investors own 92.22% of the company’s stock.

Shares of Kimco Realty (KIM) opened at $19.09 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty has a 52 week low of $17.02 and a 52 week high of $26.63. The stock has a market cap of $7,874.59, a price-to-earnings ratio of 12.25, a P/E/G ratio of 2.15 and a beta of 0.65.

The business also recently disclosed 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 is an increase from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 annualized dividend and a dividend yield of 5.87%. Kimco Realty’s payout ratio is presently 125.58%.

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Kimco Realty 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.

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

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