Analysts expect Kimco Realty Corp (NYSE:KIM) to post $300.68 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Kimco Realty’s earnings. The lowest sales estimate is $296.41 million and the highest is $304.83 million. Kimco Realty posted sales of $297.03 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The business is expected 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 sales of $300.68 million for the current fiscal year, with estimates ranging from $1.16 billion to $1.19 billion. For the next year, analysts expect that the firm will post sales of $1.20 billion per share, with estimates ranging from $1.16 billion to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Kimco Realty.

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

Several research analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on Kimco Realty in a research report on Thursday, November 30th. They set a “hold” rating and a $19.50 price target for the company. Robert W. Baird cut Kimco Realty from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $20.00 in a research report on Monday, November 27th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty in a research report on Friday, October 27th. BMO Capital Markets set a $21.00 price objective on Kimco Realty and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Mizuho restated a “hold” rating and issued a $19.00 price objective on shares of Kimco Realty in a research report on Monday, October 9th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.02.

In other Kimco Realty news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $19.20 per share, for a total transaction of $960,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Kimco Realty by 103.7% during the second quarter. Royal Bank of Canada now owns 126,830 shares of the real estate investment trust’s stock worth $2,327,000 after purchasing an additional 64,576 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Kimco Realty by 1.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,516,611 shares of the real estate investment trust’s stock worth $27,830,000 after purchasing an additional 14,883 shares in the last quarter. GAM Holding AG increased its position in shares of Kimco Realty by 10.2% during the second quarter. GAM Holding AG now owns 81,733 shares of the real estate investment trust’s stock worth $1,500,000 after purchasing an additional 7,585 shares in the last quarter. Andra AP fonden increased its position in shares of Kimco Realty by 40.1% during the second quarter. Andra AP fonden now owns 234,600 shares of the real estate investment trust’s stock worth $4,305,000 after purchasing an additional 67,200 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Kimco Realty by 26.2% during the second quarter. Goldman Sachs Group Inc. now owns 4,289,479 shares of the real estate investment trust’s stock worth $78,711,000 after purchasing an additional 891,461 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Shares of Kimco Realty (KIM) traded up $0.12 during mid-day trading on Thursday, reaching $18.16. The company had a trading volume of 3,684,565 shares, compared to its average volume of 4,419,994. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $7,866.08, a PE ratio of 12.24, a P/E/G ratio of 2.21 and a beta of 0.65. Kimco Realty has a 52 week low of $17.02 and a 52 week high of $26.63.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.17%. Kimco Realty’s payout ratio is 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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